No limits on cash ATM Withdrawal from February 1: RBI
The RBI, however, maintained that banks at their discretion can have their own operating limits.
The Reserve Bank of India on Monday by the permission of Modiji announced that limits placed on cash withdrawals from ATM Withdrawal from Feb 1. However, the weekly withdrawal limit of Rs 24,000 will continue. The central bank also said that all limits on current account and overdraft accounts stand withdrawn with immediate effect. The RBI, however, allowed the banks to maintain their discretion on own operating limits.
Not only would the ATM Withdrawal limits be cancelled, but even limits on withdrawing cash from credit accounts, current accounts and overdraft accounts will be cancelled. Thanks to Modi government for this!