DAILY ATM CASH WITHDRAWAL LIMIT UP FROM `4,500 T0 `10K

NEW DELHI: The Reserve Bank of India on Monday raised the ATM cash withdrawal limit to `10,000 per day but left the weekly ceiling of `24,000 unchanged.

It also increased the withdrawal limit for current accounts to `100,000 per week from `50,000 earlier. The changes would kick in with immediate effect, a release said.

These limits were imposed after the government on November 8 announced scrapping of `500 and `1,000 banknotes. The other restrictions announced over the next 50 days remain in place.

On December 31, the RBI had raised the ATM withdrawal limit from `2,500 to `4,500.

HT wrote on January 12 that the central bank could further relax the norms as cash supply to ATMs had improved considerably and was expected to normalise by month-end.