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Reserve Bank Increases ATM Cash Withdrawal Limit To Rs.10,000 A Day

Reserve Bank of India (RBI) on Monday decided to increase the cash withdrawal limit from ATMs to Rs 10,000 per day from the present Rs 4,500 with immediate effect.
●    However, there is no change in the weekly withdrawal limits, which stays at Rs 24,000. 
●    The limit on withdrawal from current accounts has been enhanced from the current limit of Rs 50,000 per week to Rs 1,00,000 per week. 
●    This also extends to overdraft and cash credit accounts.
●    From current accounts, the amount that can be collected each week has been doubled to a lakh.
●    Finance Minister Arun Jaitley has pointed to improved tax collections to dismiss reports of economic disruption after the notes ban.
●    The RBI has been criticised for following the government's lead on a landmark decision on currency and for taking a backseat in the days that followed, with Mr Patel missing from briefings that made important announcements on issues like cash limits.