Saturday, 31 December 2016

ATM will be extracted from the Rs 4,500

Reserve Bank of India (RBI) to withdraw cash from ATMs in the range of Rs 2,500 to Rs 4,500, has increased.

This new directive Arbiai January 2017 will come into play. Although the central bank has made it clear that the bank account weekly withdrawal limit of Rs 24,000 will stay intact. With Notbandi on November 8 deadline to withdraw money from banks as well as ATM same rule was applied.

Earlier, on November 20, the central bank to withdraw money from ATMs from Rs 2,000 to Rs 2,500 was raised. But even then it is only by customers of their bank was only possible to withdraw money from ATMs, to withdraw money from an ATM of another bank while it was Rs 2,000. New bank notes of Rs 500 denomination's focus now is on increasing the supply of cash to be over as quickly as possible.

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