Banks increase daily withdrawal limit to 4500

What comes as a breather for bank customers, Banks have increased the daily ATM withdrawal limit to Rs 2500 and also increased the cap for over the counter withdrawal/exchange.

What comes as a breather for bank customers, Banks have increased the daily ATM withdrawal limit to Rs 2500 and also increased the cap for over the counter withdrawal/exchange. 

Pertinently, following the decision of the centre to ban Rs 1000 and Rs 500 currency denomination notes, the daily ATM withdrawal limit was capped at Rs 2000. 

In a latest move, the Banks have also increased exchange limit for the scrapped currency notes to Rs 4500 per day. 

Till Sunday, customers could only avail daily exchange limit of Rs 4000 for the demonitized currency notes. 

Meanwhile, the weekly limit of Rs 20,000 for withdrawal from Bank accounts has been increased to Rs 24,000. The limit of Rs 10,000 per day withdrawal has been removed. GKNN

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