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  Business   Economy  16 Jan 2017  RBI raises daily cash withdrawal limit to Rs 10,000

RBI raises daily cash withdrawal limit to Rs 10,000

THE ASIAN AGE
Published : Jan 16, 2017, 5:30 pm IST
Updated : Jan 16, 2017, 5:32 pm IST

No change has been made to the weekly withdrawal limit of Rs 24,000 through cheques.

New Rs 2,000 notes.
 New Rs 2,000 notes.

Mumbai: In a surprising move, the Reserve Bank of India on Monday raised daily cash withdrawal limit at ATMs to Rs 10,000.

Presently, the daily cash withdrawal limit through cards is Rs 4,500.

The apex bank has not made any changes to weekly withdrawal limit of Rs 24,000 through cheques at banks from savings account.

The bankers' bank has also raised weekly withdrawal limit from current accounts to Rs 1 lakh. Earleir, it was Rs 50,000 from a KYC-compliant account.

Tags: cash withdrawal, atms, banks, rbi
Location: India, Maharashtra, Mumbai (Bombay)