Bank customers can carry on to withdraw up to Rs 24,000/week

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Mumbai : A security person stands guard at Reseve Bank of India headquarters during its quarterly monetary policy review meeting in Mumbai on Tuesday. PTI Photo by Santosh Hirlekar(PTI1_25_2011_000056A)

“The banks are hereby advised that they may carry on allowing their existing customers to withdraw cash from their accounts the atm withdrawal limit up to Rs 24,000 per week. They can continue to do so till further instructions.

The limit of Rs twenty four thousand includes withdrawals from ATMs as well”. This notification was released by RBI.

On 26 November 2016, RBI has asked all the banks to continue to allow the withdrawal of cash of limit Rs 24000 per week including ATMs till they get any update from RBI.

Hence, public can now continue to withdraw up to Rs 24,000 per week from their bank accounts, including withdrawals from ATM, the Reserve Bank said today.

The banks are hereby advised that they may carry on allowing their existing customers to withdraw cash from their accounts up to Rs 24,000 per week.

They can continue to do so till further instructions. The limit of Rs twenty four thousand includes withdrawals from ATMs as well”. This notification was released by RBI.

Following cancellation of legal tender character of old Rs 500 and Rs 1000 currency notes from November 9, restrictions were imposed on cash withdrawals from accounts and ATMs.

The central bank on November 13 raised the daily withdrawal limit from ATMs to Rs 2,500 from Rs 2,000 earlier.

The weekly limit of Rs 20000 for withdrawal from bank accounts was increased to Rs 24,000. RBI today allowed exchange of banned 500 and 1,000 rupee notes for new currency at its counters even after the facility was withdrawn atm withdrawal limit from all banks.

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