RBI Increases Daily Cash withdrawal (ATM) Limit from Rs. 2500 to Rs. 4500 w.e.f. 1 Jan. 2017; weekly limit remains unchanged at Rs. 24,000
The RBi has reviewed and revised daily cash withdrawal limit from ATMs from the existing ₹ 2500/- to ₹ 4500/- per day per card w.e.f. 1 Jan. 2017. However increased limit is meant for daily withdrawals only, as the weekly ATM cash withdrawal limit remains unchanged and continues to be Rs. 24,000.
1. Please refer to our circular DCM (Plg) No. 1424/10.27.00/2016-17 dated November 25, 2016 on “Withdrawal of cash from bank deposit account – Relaxation”.
2. On a review of the position, the daily limit of withdrawal from ATMs has been increased (within the overall weekly limits specified) with effect from January 01, 2017, from the existing ₹ 2500/- to ₹ 4500/- per day per card. There is no change in weekly withdrawal limits.Such disbursals should predominantly be in the denomination of ₹ 500.
3. The relaxation of withdrawal limits as enabled by our circular DCM (Plg) No. 1437/10.27.00/2016-17 dated November 28, 2016 remains unchanged.