{"id":99861,"date":"2017-01-17T14:53:49","date_gmt":"2017-01-17T09:23:49","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=99861"},"modified":"2017-01-17T14:53:49","modified_gmt":"2017-01-17T09:23:49","slug":"withdrawal-limits-from-atms-and-current-accounts-enhanced","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2017\/01\/17\/withdrawal-limits-from-atms-and-current-accounts-enhanced\/","title":{"rendered":"Withdrawal limits from ATMs and Current Accounts enhanced"},"content":{"rendered":"<p style=\"text-align: justify;\">Enhancement of withdrawal limits from ATMs and Current Accounts<\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<p style=\"text-align: justify;\">2. On a review of limits placed on withdrawals from ATMs and current accounts, it has been decided to enhance the same, with immediate effect as under:<\/p>\n<p style=\"text-align: left;\">(i) The limit on withdrawals from ATMs has been enhanced from the current limit of Rs 4,500\/- to Rs 10,000\/- per day per card (It will be operative within the existing overall weekly limit).<\/p>\n<p style=\"text-align: left;\">(ii) The limit on withdrawal from current accounts has been enhanced from the current limit of Rs 50,000\/- per week to Rs 1,00,000\/- per week and it extends to overdraft and cash credit accounts also.<\/p>\n<p style=\"text-align: justify;\">3. There are no changes in the other conditions. The relaxations as provided in our circular dated November 28, 2016 will continue.<\/p>\n<p style=\"text-align: right;\">Reserve Bank of India<\/p>\n<p style=\"text-align: right;\">[RBI\/2016-17\/213]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 <\/p>\n","protected":false},"author":91,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[],"class_list":["post-99861","post","type-post","status-publish","format-standard","hentry","category-hot_off_the_press","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Withdrawal limits from ATMs and 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limit of cash withdrawal from ATMs enhanced to Rs 4500 per day per card","author":"Saba","date":"December 31, 2016","format":false,"excerpt":"Cash withdrawal from ATMs \u2013 Enhancement of daily limits Please refer to our circular DCM (Plg) No. 1424\/10.27.00\/2016-17 dated November 25, 2016 on \u201cWithdrawal of cash from bank deposit account - Relaxation\u201d.\u00a0On a review of the position, the daily limit of withdrawal from ATMs has been increased (within the overall\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85351,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/14\/demonetisation-cash-withdrawal-limit-enhanced-to-rs-2500-at-atms-notified\/","url_meta":{"origin":99861,"position":1},"title":"Demonetisation: Cash withdrawal limit enhanced to Rs 2500 at ATMs, notified","author":"Saba","date":"November 14, 2016","format":false,"excerpt":"S.O. 3446(E).\u2014In exercise of the powers conferred by sub-section (2) of Section 26 of the Reserve Bank of\u00a0India Act, 1934 (2 of 1934), the Central Government hereby amends the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O. 3407(E) dated the 8th\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85711,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/17\/demonetisation-expanding-distribution-locations-for-deposit-withdrawal-of-cash\/","url_meta":{"origin":99861,"position":2},"title":"Demonetisation: Expanding distribution locations for deposit &#038; withdrawal of cash","author":"Saba","date":"November 17, 2016","format":false,"excerpt":"Please refer to our\u00a0Circular No. DCM (Plg) No.1226\/10.27.00\/2016-17 dated November 08, 2016\u00a0on the captioned subject. With a view to widen the existing facilities to exchange\/deposit the specified bank notes and withdraw cash from their accounts, banks are advised to put in place the following additional measures so that member public\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85991,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/16\/rbi-updated-faqs-on-withdrawal-of-specified-bank-notes\/","url_meta":{"origin":99861,"position":3},"title":"RBI: Updated FAQs on Withdrawal of Specified Bank Notes","author":"Saba","date":"November 16, 2016","format":false,"excerpt":"FAQs on Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of Rs 500\/- and Rs 1000\/-\u00a0[Updated as on November 16, 2016] 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85391,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/14\/finance-ministry-reviews-position-of-availability-and-distribution-of-all-denomination-of-bank-notes\/","url_meta":{"origin":99861,"position":4},"title":"Finance Ministry reviews position of availability and distribution of all denomination of bank notes","author":"Saba","date":"November 14, 2016","format":false,"excerpt":"Finance Ministry reviews the position regarding availability and distribution of all denomination of bank notes in different parts and regions of the country; Issuance of the new series of Rs. 500\/- notes commenced; Instructions issued to the Banks and Post Offices to ensure proper distribution of all denomination notes including\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":221800,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/11\/05\/reserve-bank-enhances-withdrawal-limit-for-depositors-of-punjab-and-maharashtra-cooperative-bank-ltd-to-rs-50000\/","url_meta":{"origin":99861,"position":5},"title":"Reserve Bank enhances withdrawal limit for depositors of Punjab and Maharashtra Cooperative Bank Ltd. to Rs 50,000","author":"Bhumika Indulia","date":"November 5, 2019","format":false,"excerpt":"It may be recalled that the Reserve Bank of India on October 14, 2019, had permitted the depositors of Punjab and Maharashtra Cooperative (PMC) Bank Ltd. to withdraw up to Rs 40,000\/- (Rupees Forty Thousand Only) of the total balance in their accounts. The Reserve Bank of India, after reviewing\u2026","rel":"","context":"In &quot;Business News&quot;","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/99861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/91"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=99861"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/99861\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=99861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=99861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=99861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}