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