Weekly Withdrawal cash limit from Banks increased to Rs. 24000 – RBI

Withdrawal of Cash from Bank account increased to Rs. 2400 per week – RBI Instructions on 25.11.2016

Withdrawal of cash – Weekly Withdrawal cash limit from Banks increased to Rs. 24000

RBI/2016-17/158
DCM (Plg) No.1424/10.27.00/2016-16

November 25, 2016

The Chairman / Managing Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural
Banks / Urban Cooperative Banks/ State Cooperative Banks/ District Central Cooperative Banks
Dear Sir,
Withdrawal of cash – Weekly limit
Please refer to our circulars DCM (Plg) Nos. 1272/10.27.00/2016-17 and 1273/10.27.00/2016-17 dated November 13 and November 14, 2016, respectively.
The banks are, hereby, advised that they may continue to allow their existing customers to withdraw cash from their accounts upto ₹ 24,000/- per week, till further instructions.
The said limit include withdrawals from ATMs as stipulated in our circular DCM (Plg) No.1304/10.27.00/2016-17 dated November 20, 2016.
2. Please acknowledge receipt.
Yours faithfully,
(Suman Ray)
General Manager