Latest GK GS

Updated By: LatestGKGS Desk

Reserve Bank of India increase withdrawal limit to 10,000 per day

 

 

Reserve Bank of India increases withdrawal limit Rs.10,000 per day

The Reserve Bank of India increases withdrawal limit from the ATMs upto Rs.10,000 per day.

But it must be noted that the weekly withdrawal limit from the ATM remains same that is, 24000.

Weekly withdrawal limit remains same Rs.4500

The withdrawal limit from the current Account has been increased to Rs.1,00,000 per week.

The currently withdrawal limit from the Current accounts was Rs.50,000 per week.

The current withdrawal limit was Rs.4500 per day which did not suited the people as the withdrawal limit was very low.

But due to circulation of new denomination notes of Rs.1000 and Rs.500, RBI has increased the withdrawal limit.

On 28th December, reserve Bank of India increased the withdrawal limit from 2500 to 4500 per day from 1st January.

After demonetisation, long queues were seen at the ATMs and due to this RBI has taken the decision to increase the withdrawal limit.

 


 

Latest Reserve Bank Of India (RBI) Updates

» RBI Governor Urijit Patel publishes Financial Stability Report

» RBI extends cash withdrawal limit to Rs.4500 per day from 1 Jan

» Viral Acharya appointment as deputy governor of Reserve Bank

» Note Ban: Demonetisation positive impact as per Nov 2016 report

» IT department to take action for not filing income tax return

» RBI lowers MDR charges for digital transactions less than Rs.2000


Latest GK GS Updates: