Since, the time when our Prime Minister Modi announced about demonetization, we all are facing shortage of cash problem. Rs 2500 was not sufficient for many people. But Gov think about it and going to increase the limit from 1 January. Hope that things get sorted out.
Good news for all of us. Yes, because Modi government has a plan about that and they want to give a new year gift for all Indian, and the gift is awesome that after hearing you probably got jump with full of joy. Well, The ATM withdrawal limit has been increased from 2,500 to Rs 4,500. And it run from the 1st january.
RBI Announced through his word
“On a review of the position, the daily limit of withdrawal from ATMs has been increased (within the overall weekly limits specified) with effect from January 01, 2017, from the existing Rs 2500/- to Rs 4500/- per day per card. There is no change in weekly withdrawal limits. Such disbursals should predominantly be in the denomination of Rs 500.”
Arun Jaitley, the Finance Minister, stated that RBI has got enough currency printed and soon, the situation would be under control as supply will improve.