RBI Raises ATM Withdrawal Limits

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The Reserve Bank of India ( RBI) has raised the cash withdrawal limits from ATMs.

Customers will now be able to withdraw Rs 10,000 per day from their savings bank accounts through ATMs as against the previous limit of Rs 4,500 per day. Though, there would be no change in the weekly withdrawal limits of Rs 24,000 per week. The new withdrawal limits will be applicable with immediate effect.

“It will be operative within the existing Overall weekly  Limit,” added the RBI circular.

Current account holders, the cash withdrawal limit has been enhanced from the existing limit of Rs 50,000 per week to Rs 1,00,000 per week and it extends to overdraft and cash credit accounts also, as per the RBI circular.