Monday, 14 November 2016

Cash withdrawal limits eased; PM holds review

The government on Sunday raised daily cash withdrawal limits from ATMs to Rs 2500 from Rs 2000 and eased other rules as Prime Minister Narendra Modi held a late night review meeting with Finance Minister Arun Jaitley and other officials on the fallout of “demonetisation”. The limit for exchanging old Rs 500 and Rs 1000 notes at bank and post-office counters have been raised from the existing Rs 4000 to Rs 4500. The weekly limit of Rs 20,000 for withdrawal from bank accounts has been increased to Rs 24,000. 

  

 



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