31/12/2016
MUMBAI: The Reserve Bank of India on Friday relaxed the daily ATM withdrawal limit to Rs 4500 from the earlier cap of Rs 2500. However, the weekly withdrawal limit of Rs 24,000 remains unchanged even as the 50-day demonetisation exercise comes to a close.
"On a review of the position, the daily limit of withdrawal from ATMs has been increased with effect from January 01, 2017, from the existing Rs 2,500 to Rs 4,500 per day per card," the banking regulator said in a notification issued late Friday evening. "There is no change in weekly withdrawal limits."
