RBI removes ATM cash withdrawal limit from Feb 1, weekly limit of Rs 24,000 to continue for now - News Summed Up

RBI removes ATM cash withdrawal limit from Feb 1, weekly limit of Rs 24,000 to continue for now


Highlights 1 Reserve Banks of India lifts ATM withdrawal limit. 2 No ATM withdrawal limit from February 1. The limits on Savings Bank accounts will continue for the present and are under consideration for withdrawal in the near future. Limits vide the circulars cited above placed on cash withdrawals from ATMs stand withdrawn from February 01, 2017. The Reserve Bank cash withdrawal limit from ATMs was increased to Rs 4,500 per day from Rs 2,500 from January 1.


Source: India Today January 30, 2017 11:55 UTC



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