Daily ATM withdrawal limit raised to Rs 4,500 from January 1

The weekly withdrawal limit (Rs 24,000) remains unchanged, says RBI

The Reserve Bank of India (RBI) has increased the daily withdrawal limit from ATMs to Rs 4,500 from Rs 2,500 per card, from January 1, 2017. 

The weekly withdrawal limit (Rs 24,000) remains unchanged. RBI said disbursals would be mostly in Rs 500 notes.
 

HERE IS THE FULL TEXT OF THE STATEMENT
 

RBI/2016-17/204

DCM (Plg) No. 2142/10.27.00/2016-17

December 30, 2016
 

The Chairman / Managing Director/ Chief Executive Officer,

Public Sector Banks/ Private Sector Banks / Foreign Banks/ 

Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks

District central Cooperative Banks
 

Dear Sir,

Cash withdrawal from ATMs – Enhancement of daily limits
 

 

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 Rs 2500/- to Rs 4500/- per day per card. There is no change in weekly withdrawal limits.Such disbursals should predominantly be in the denomination of Rs 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.
 

4. Please acknowledge receipt.
 

Yours faithfully,

(P Vijaya Kumar) 

Chief General Manager