RBI announced on 13th November, 2016 the revised limit of cash withdrawals from bank account.
- The limit for exchange of Specified Bank Notes, over the counter has been increased from the existing Rs. 4000/- to Rs. 4500.
- The daily limit on withdrawal from ATMs has been increased from the existing Rs. 2000/- to Rs 2500/- per day in the recalibrated ATMs, other ATMs will continue to dispense Rs 50 and Rs 100 bank notes until they are re-calibrated.
- The weekly limit of Rs 20000/- for withdrawal from bank accounts has been increased to Rs 24000 and the daily limit of Rs 10000/- per day stands withdrawn.