It is a big relief for people after the enforcement of demonetization. The Reserve Bank of India (RBI) has increased the withdrawals limit from Rs 4,500 to Rs 10,000 per day per card.
The enhanced cash withdrawal limits will be within the weekly cap of Rs 24,000. The RBI has also enhanced cash withdrawal limits for current accounts to Rs 1 lakh from Rs 50,000 earlier. The limits are applicable to overdraft and cash credit accounts too, it said.
Following demonetization of old Rs500 and Rs 1,000 notes on 8 November, limits had been imposed on withdrawal of cash from banks as well as ATMs.