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Government hikes withdrawal limits at banks, ATMs

In order to provide respite to cash-starved citizens, the government on Sunday decided to increase the withdrawal and exchange limits in banks and ATMs across the country

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New Delhi: In order to provide respite to cash-starved citizens, the government on Sunday decided to increase the withdrawal and exchange limits in banks and ATMs across the country.

The amount people can now take out from ATMs daily has been hiked from Rs 2,000 to Rs 2,500 and the amount of withdrawal across the bank counter has gone up from Rs 4,000 to Rs 4,500, the Finance Ministry said. The upper limit for weekly withdrawal from bank account has been raised to Rs 24,000 from Rs 20,000.

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