Weekly and Daily withdrawal limit from ATM increased

atmFinance Ministry Arun Jaitley reviewed the position regarding availability and distribution of all denomination of bank notes, today.

In 1st 4 days (from Nov 10-13,upto 5 pm) abt Rs 3.0 lacs crores of old Rs 500/1000 bank notes have been deposited in banking system about Rs 50,000 crores has been dispensed to customers by either withdrawal from their accounts or ATM’s or by exchange at the counter.

Banks have also been especially advised to ensure the availability and distribution of small denomination notes. Banks have been advised to make arrangements for separate queues for Senior citizens and Divyang persons.

All Banks advised to arrange mobile banking vans to extent possible at major hosps fr emergency banking transaction fr patients. Banks advised to increase the Business Correspondents limit to Rs 2500/- for withdrawal from bank accounts. Banks have been advised to increase exchange limit over the counter from existing Rs 4000/- to Rs 4500/-.

Banks advised to increase Cash Withdrawal limit at ATMs from Rs 2000/- to Rs 2500/- per day in the recalibrated ATMs. Weekly limit of Rs.20,000 for withdrawal from Bank accounts increased to Rs.24,000;. Limit of Rs.10,000 per day removed.