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Withdrawal of Cash from Bank account per week – RBI Instructions on 25.11.2016

November 26, 2016 admin 3 Comments

Withdrawal of Cash from Bank account per week – RBI Instructions on 25.11.2016

Withdrawal of cash – Weekly limit

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

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Filed Under: OHD Notes

Comments

  1. upended nayak says

    November 28, 2016 at 8:09 pm

    Atm withdrawal limit should be increased,as this amount included in the weekly withdrawal limit.

    Reply
  2. U.D' Almeida says

    November 27, 2016 at 12:40 pm

    *It is learnt that currency notes can be exchaged(old to new), if you are a friend of a customer is a friend of the Manager in a private bank* What about this situation in Nationalized banks?

    Reply
  3. C K Mansoor Rahman says

    November 26, 2016 at 7:12 pm

    Withdrawal of cash limit per week Rs.24000/-. What about for the company employers who paying monthly salary payment @ Rs 19200/- for five employees , & what about for other employees salary payment ?

    Reply

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