RBI eases cash withdrawal limits

RBI on Monday relaxed cash withdrawal limits from ATMs and current accounts with immediate effect.

The Reserve Bank of India has allowed individuals to withdraw upto 10,000 rupees from ATMs, against the 4,500 rupees currently. However, the overall weekly withdrawal limit of 24,000 rupees per card remains same.

RBI also increased the withdrawal limits from current accounts to 100,000 rupees per week from 50,000 rupees earlier and said this facility will also be extended to overdraft, cash credit accounts.

 So, this is good news for us.

 

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