ATM withdrawal limitation increased to 10000 rs

ATM withdrawal limitation increased to 10000 rs

A big relief to people of India. RBI has released the tension wit gleam of surprise that the withdrawal limit of ATMs have been increased from Rs 4500 to 10000 rupees from today. Weekly withdrawal of 24000 rupees remains to be same. Confirmation made through an official press note and notification circular all over the banks in India from Central Bank.

Plans are already going on to increase the withdrawal limit per day for daily basis in shortest period of time as 500 rupees has been gaining in the recent times with proper circulation.

When comes to withdrawal for marriage, amount cap is been fixed up for 2.5 Lac and farmers are with 50,000 rupees withdrawal per week. RBI is now said to plan in bringing new 1000 rs notes for the usage soon and can expect it to happen soon. Its said that the same proportion of new 2000 rupees and 500 current notes is said to facilitate the cassettes of ATM.

Its started overnight on November 8th, when Prime Minister Narendra Modi claimed to exit 500 and 1000 rs rupees note to get demonetized immediately from midnight.