The Reserve Bank of India (RBI) has eased the cash withdrawal limit at automated teller machines (ATMs) with immediate effect. Now, customers will be allowed to withdraw as much as Rs. 10,000 per day per card, compared to the earlier Rs. 4,500. These enhanced cash withdrawal limits will be within the weekly cap of Rs. 24,000, the central bank said.
RBI has also enhanced weekly cash withdrawal limits for current accounts to Rs. 1 lakh from Rs. 50,000 earlier. The limits are applicable to overdraft and cash credit accounts too, it said. Following demonetisation of old Rs. 500 and Rs. 1,000 notes on 8 November, limits had been imposed on withdrawal of cash from bank branches as well as ATMs.
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