Wednesday, May 25, 2022
HomeGeneralATM withdrawal limit increased to Rs 2,500; exchange limit Rs 4500

ATM withdrawal limit increased to Rs 2,500; exchange limit Rs 4500

New Delhi: Finance Ministry today increased the daily and the weekly limit of withdrwal and exchange of currency in its review meeting.

The move is part of a new and simplified measure announced by Finance Minister Arun Jaitley while presenting the Budget for 2016-17.
Finance Minister Arun Jaitley

The limit of daily withdrawl from ATMs has been increased to Rs 2500 from Rs 2000. The withdrawl policy from cheque of Rs 10,000 has been removed.

People can now withdraw Rs 24,000 a week against Rs 20,000 earlier.

Now the people can also get Rs 4500 exchanged from bank, increasing the amount by Rs 4000.

Banks have been directed 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.

The press release from Finance Ministry

TST
RELATED ARTICLES

Lateset News

Most Popular

%d bloggers like this: