15 November 2016

Revision in Limits of withdrawal of Legal tender Character of existing Rs.500/- and Rs.1000/- Bank Notes

    The brief of the changes (as per RBI Circular Dated 13.11.2016) is as follows:-  
  • 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.20,000/- for withdrawal from  accounts has been increased to Rs.24000 and the daily limit of Rs.10000/- per day stands withdrawn.
This is for your kind information and further necessary action.

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