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Enhancement of withdrawal limits from ATMs and Current Accounts

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..... Enhancement of withdrawal limits from ATMs and Current Accounts - News and Press Release Dated:- 16-1-2017 - News - RBI/2016-17/213 DCM (Plg) No.2559/10.27.00/2016-17 January 16, 2017 The Chairman / Managing Director / Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks/Dist .....

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..... rict Central Co-operative Banks Dear Sir, Enhancement of withdrawal limits from ATMs and Current Accounts Please refer to our circulars DCM (Plg) No. 1274, 1317, 1437 and 2142/10.27.00/2016-17 dated November 14, 21 and 28 and December 30, 2016, respectively, on the above subject. 2. On a review of limits placed on withdrawals from ATMs and current accounts, it has been decided to enh .....

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..... ance the same, with immediate effect as under: (i) The limit on withdrawals from ATMs has been enhanced from the current limit of ₹ 4,500/- to ₹ 10,000/- per day per card (It will be operative within the existing overall weekly limit). (ii) The limit on withdrawal from current accounts has been enhanced from the current limit of ₹ 50,000/- per week to ₹ 1,00,000/- per .....

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..... week and it extends to overdraft and cash credit accounts also. 3. There are no changes in the other conditions. The relaxations as provided in our circular dated November 28, 2016 will continue. 4. Please acknowledge receipt. Yours faithfully, (P Vijaya Kumar) Chief General Manager - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - t .....

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..... axmanagementindia.com - TMI - TaxTMI - TMITax .....

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