1. ATM withdrawal limit hiked to Rs 2,500, withdraw Rs 24,000 from bank in a week in one go; new Rs 500 notes now being issued

ATM withdrawal limit hiked to Rs 2,500, withdraw Rs 24,000 from bank in a week in one go; new Rs 500 notes now being issued

In a decision that will come as a relief for people across the country, the government has decided to increase the daily withdrawal limit on ATMs to Rs 2,500 and has removed the Rs 10,000 withdrawal limit from banks.

By: | New Delhi | Updated: November 13, 2016 9:33 PM
Today (13.11.2016) Finance Ministry has reviewed the position regarding availability and distribution of all denomination of bank notes. (ANI)

In a decision that will come as a relief for people across the country, the government has decided to increase the daily withdrawal limit on ATMs to Rs 2,500 and has removed the Rs 10,000 withdrawal limit from banks. Now, you will be able to withdraw as much as Rs 24,000 in a week from your bank account. What will add to the relief is the fact that you can withdraw this Rs 24,000 in a single transaction from the bank. Also, the limit that had been imposed on exchange of old Rs 500 and Rs 1000 notes has been enhanced to Rs 4,500. The Finance Ministry has issued a fresh advisory to the banks. Incidentally, the RBI has also started issuing the new Rs 500 note, a decision that will ease the liquidity crunch that common man was facing with the Rs 2,000 note. Below is the full text of Finance Ministry’s new guidelines – follow them to know better about your limits on withdrawal of money:

Today (13.11.2016) Finance Ministry has reviewed the position regarding availability and distribution of all denomination of bank notes. Some of the highlights of the review and the decisions taken are as follows:-

In the first four days ( from November 10th to 13th , upto 5 pm ) about Rs 3.0 lacs crores of old Rs 500/- and 1000/- bank notes have been deposited in the banking system and about Rs 50,000 crores has been dispensed to customers by either withdrawal from their accounts or withdrawal from ATM’s or by exchange at the counter. Within three four days , the banking system has handled about 21 crore transactions.

Further based on the reports received from the states, banks and other sources , the following may be noted :-

1. Coordination is being continuously done by Ministry of Finance with RBI , Banks and Post Offices to make all denomination notes available at all locations.

2. Instructions have been given to the Banks and Post Offices to ensure proper distribution of all denomination notes. Banks have also been especially advised to ensure the availability and distribution of small denomination notes.

3. Chief Secretaries of the States have been requested to identify the rural pockets, if any, where availability of cash has been a problem and provide all support to the Banks and Post Offices in order to ensure the last mile distribution of small denomination of notes is done through mobile banking vans and Banking Correspondents(BCs).

4. It has been reported that certain business houses viz. Hospitals , Caterers , Tent houses etc. are not accepting Cheques/Demand Drafts and online payment transfer from customers. It is advised that in such cases customer can make a complaint to the concerned District Magistrates/District Administration for action against such establishments.

5. Government of Assam has arranged a Mobile Banking Vans with support of Banks and State Government Staff at certain Hospitals for carrying out emergency banking transactions. All Banks have now been advised to arrange mobile banking vans to the extent possible at major hospitals to carry out emergency banking transaction for patients.

6. Banks have been advised to make arrangements for separate queues for Senior citizens and Divyang persons. Separate queues will also be arranged for exchange of cash to cash and transactions against Bank accounts.

7. Government of Arunachal Pradesh has made special arrangements like cash deposits /withdrawal and opening of new bank accounts in the remotely located areas with the help of Banks and State Government staff. State Governments have been requested to facilitate opening of new Bank accounts as a part of financial inclusion programme.

8. The issuance of the Rs. 500/- notes has already commenced.

9. Banks have been advised to increase the Business Correspondents limit to Rs 2500/- for withdrawal from bank accounts.

10.Banks have been advised to increase the exchange limit over the counter from the existing Rs 4000/- to Rs 4500/-.

11.Banks have been advised to increase the Cash Withdrawal limit at ATMs from the existing Rs 2000/- to Rs 2500/- per day in the recalibrated ATMs.

12.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 has been removed.

13.Banks have been advised to increase the issuance and use of mobile wallets and debit/credit cards as also to provide them to those customers and establishments not having access to these non-cash means of payment.

14.The last date for submission of the annual life certificate for the government pensioners which is to be submitted in November every year has been extended up to January 15, 2017.

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    drgreg
    Apr 26, 2017 at 5:18 pm
    I have my ATM card programmed and covered to withdraw the maximum of $2,000 per day for a maximum of 20 days. I am very happy about this because I have mine last week and I have used it for $ 2,000. Mr. John Siphas gives the card to help the poor and needy, although it is illegal but it is rather nice and it is not like others scam pretending to have the ATM cards blank. And no one gets caught when using the card. Get yours from it. Just send an email to [email protected]
    Reply
    1. C
      christ ben
      Apr 15, 2017 at 8:19 am
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      1. M
        Mr Alfred
        Apr 12, 2017 at 2:03 am
        Get your BLANK MASTER CARD today and cash money out of any ATM Machine around you any where in the world. There is no risk of being caught, because the card has been programmed in such a way that it's not traceable, it also has a technology that makes it impossible for the CCTV to detect your face in order to capture your image.Start living your big dreams, living that large and comfortable life that you always wished for and we also offer private, commercial and personal loans with very low annual interest rates as low as 3 in one year to 50 years repayment period anywhere in the world. We offer loans ranging from $ 5000 to US $ 100 million. , Contact us today by this e-mail address [email protected] or call or WhatsApp 2349061513868 for you to get your blank ATM card asap...
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        1. M
          Mr Alfred
          Apr 12, 2017 at 2:03 am
          Get your BLANK MASTER CARD today and cash money out of any ATM Machine around you any where in the world. There is no risk of being caught, because the card has been programmed in such a way that it's not traceable, it also has a technology that makes it impossible for the CCTV to detect your face in order to capture your image.Start living your big dreams, living that large and comfortable life that you always wished for and we also offer private, commercial and personal loans with very low annual interest rates as low as 3 in one year to 50 years repayment period anywhere in the world. We offer loans ranging from $ 5000 to US $ 100 million. , Contact us today by this e-mail address [email protected] or call or WhatsApp 2349061513868 for you to get your blank ATM card asap...
          Reply
          1. S
            Sonia Buker
            Mar 5, 2017 at 2:24 pm
            PLEASE READ!!!Celebrate this season with joy and gladness in your heart, Do you know that you can hack any ATM machine? this is a Life Time transformation I have being hearing about this blank ATM card for a while and i never really paid any interest to it because of my doubts. Until now i discovered a hacking lady called Cindy. Am so happy I got mine from Cindy, My blank ATM card can withdraw $4,000 daily. I got it from Her last week and now I have $48,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it, it is not traceable and now i have money for business and enough money for me and my family to live on .I am really happy i met Cindy because i met two people before her and they took my money not knowing that they were scams. But am happy now. Cindy sent the card through DHL and i got it in two days. Get your own card from her now she is not like other scammer pretending to have the ATM card,She is giving it out for free to help people even if it is illegal but it helps a lot and no one ever gets caught. im grateful to Cindy because she changed my story all of a sudden . The card works in all countries Cindy's email address is
            Reply
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              Deepak Shreevathsa
              Jan 19, 2017 at 4:15 pm
              if i withdrew 24000 on Thursday ,can i withdrow 24000 monday of next week
              Reply
              1. S
                Steven Mark
                Mar 19, 2017 at 1:48 pm
                PLEASE READ!!!!o Guys,i am a living testimony of this great work !!!Am so happy I got mine from Esther. My blank ATM card can withdraw $4,000 daily. I got it from Her last week and now I have $12,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it, it is not traceable and now i have money for business and enough money for me and my family to live on .I am really happy i met Esther because i met two people before her and they took my money not knowing that they were scams. But am happy now. Esther sent the card through DHL and i got it in two days. Get your own card from her now she is not like other scammer pretending to have the ATM card,She is giving it out for free to help people even if it is illegal but it helps a lot and no one ever gets caught. im grateful to Esther because she changed my story all of a sudden . The card works in all countries except Philippines, Mali and Nigeria. Esther's email address is
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                1. S
                  Steven Mark
                  Mar 19, 2017 at 1:51 pm
                  PLEASE READ,Make the right decision today and join the great brotherhood the great Illuminati and be the man or that woman of your dream no matter what you do, or your qualifications, you are welcome and will never regret ever making this great decision of embracing your destiny. You will never know your greatness. Your destiny awaits you lets us know you willingness via ,, or whats-app only 2348183718577
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                  1. M
                    Maj. Kailash
                    Nov 14, 2016 at 6:04 am
                    Hats Off to the well coordinated and closely monitored move. With the steps taken to get rid of black money hope we succeed!! Wish Indian citizens a bright, happy and corruption free future....
                    Reply
                    1. B
                      Biplab Hore
                      Nov 14, 2016 at 8:43 am
                      ok
                      Reply
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                        Puneet Wadhwa
                        Nov 23, 2016 at 6:13 am
                        Is 24000/- withdrawal limit is per person or Account wise?
                        Reply
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                          CLARENCE M
                          Nov 16, 2016 at 11:25 am
                          Its not a wise decision for the common man because everyday a citizen cannot leave his job & stand in big queue waiting hours together to get his hard earned cash at the ATM counter.Even people who want to visit our country will never want to do so.Why do we not receive 100 or 50 Rs notes .The Rs.2000/- note will become a scam & lead the common man to great hardship.Over 90% of people are against this.The Government must oblige its citizens , we live in a democratic country.
                          Reply
                          1. N
                            Nitish Dhiman
                            Nov 16, 2016 at 1:00 pm
                            Nice work by government
                            Reply
                            1. S
                              sandeep
                              Nov 17, 2016 at 4:55 am
                              this is not right management
                              Reply
                              1. R
                                Rejaul Hoque
                                Dec 11, 2016 at 4:14 pm
                                How many amount can withdrawal a person in a week ?
                                Reply
                                1. S
                                  sanooj
                                  Nov 16, 2016 at 4:00 pm
                                  how is a one week calculated, Sunday to Saay or the day customer withdrawn cash in the account to next week ( ex withdrawn on tuesday..this case one week will be tuesday to Monday ) plese clear my doubt
                                  Reply
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                                    Thyagarajan
                                    Nov 15, 2016 at 9:11 am
                                    Compare ourselves with the army people standing at the border to take care of the country.at this critical juncture , for the country we have to support the govt. Mr Modi stands very high today among many hearts.
                                    Reply
                                    1. U
                                      Umesh Mishra
                                      Dec 30, 2016 at 4:16 pm
                                      Government chage limit of ATM withdrawal
                                      Reply
                                      1. V
                                        Vishvendra
                                        Nov 14, 2016 at 6:21 pm
                                        Good decision taken by the government
                                        Reply
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