Date : 15.11.2016
Revision in Limits of withdrawal of Legal tender Character of existing Rs. 500/- and Rs. 1000/- Bank Notes
Sent: 14 November 2016 14:22
To: All CPMG; CPMG Telangana Circle
Cc: Member (Banking & HRD)
Subject: Revision in Limits of withdrawal of Legal tender Character of existing Rs. 500/- and Rs. 1000/- Bank Notes
Respected Sir/Madam,
The brief of the changes (as per RBI Circular Dated 13.11.2016) is as follows:-
- The limit for exchange of Specified Bank Notes, over the counter has been increased from the existing Rs. 4000/- to Rs. 4500.
- The daily limit on withdrawal from ATMs has been increased from the existing Rs. 2000/- to Rs. 2500/- per day in the recalibrated ATMs, other ATMs will continue to dispense Rs. 50 and Rs. 100 bank notes until they are re-calibrated.
- The weekly limit of Rs. 20000/- for withdrawal from accounts has been increased to Rs. 24000 and the daily limit of Rs. 10000/- per day stands withdrawn.
This is for your kind information and further necessary action.
With regards,
Sachin Kishore
Director (CBS)
Sansad Marg,
Dak Bhavan
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