Demonetisation: Cash Withdrawal Limit At ATMs Increased To Rs 2500/- Per Day: Limit Of Rs.10,000/- Per Day Removed
8 years, 4 months ago

Demonetisation: Cash Withdrawal Limit At ATMs Increased To Rs 2500/- Per Day: Limit Of Rs.10,000/- Per Day Removed

Live Law  

The Finance Ministry today reviewed the position regarding availability and distribution of all denomination of bank notes in different parts and regions of the country.As per the PIB report, the following decisions were taken by the Ministry today: Coordination is being continuously done by Ministry of Finance with RBI, Banks and Post Offices to make all denomination notes available at. Chief Secretaries of the States have been requested to identify the rural pockets, if any, where availability of cash has been a problem and provide all support to the Banks and Post Offices in order to ensure the last mile distribution of small denomination of notes is done through mobile banking vans and Banking Correspondents. Government of Arunachal Pradesh has made special arrangements like cash deposits /withdrawal and opening of new bank accounts in the remotely located areas with the help of Banks and State Government staff. Banks have been advised to increase the Cash Withdrawal limit at ATMs from the existing Rs 2000/- to Rs 2500/- per day in the recalibrated ATMs.

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History of this topic

Demonetisation in India in 10 stories: Understanding the Rs. 2000 ban
1 year, 10 months ago

Demonetisation in India in 10 stories: Understanding the Rs. 2000 ban

The Hindu  

Published : May 20, 2023 20:21 IST - 1 MIN READ The Reserve Bank of India made a significant announcement on May 19 regarding the withdrawal of the highest denomination currency note in circulation, the Rs 2,000 note. While reaffirming its status as legal tender, the central bank stated that existing Rs 2,000 notes could be deposited or exchanged in …

SBI ATM Withdrawal Rule: Want to Withdraw More Than Rs 10,000? You Need to Enter OTP
2 years, 7 months ago

SBI ATM Withdrawal Rule: Want to Withdraw More Than Rs 10,000? You Need to Enter OTP

News 18  

SBI ATM Cash Withdrawal Rules: The State Bank of India, or SBI, which has the highest number of customers in the country, has always been alert about preventing ATM scams. The lender has in effect a one-time password based cash withdrawal system whereby customers who wish to withdraw money from an SBI ATM will have to enter an OTP. How …

SBI ATM Rules: How Many Free Cash Withdrawals Allowed in a Month? Know Limit, Charges
2 years, 9 months ago

SBI ATM Rules: How Many Free Cash Withdrawals Allowed in a Month? Know Limit, Charges

News 18  

The country’s largest lender State Bank of India offers five free transactions for customers maintaining a monthly balance of up to Rs 1 lakh at its ATMs in Delhi, Kolkata, Mumbai, Chennai, Bengaluru and Hyderabad. SBI charges Rs 10 to withdraw money from the bank’s ATM beyond the free limit, while it levies Rs 20 for financial transactions from other …

Rs 2,000 note becomes rarity, small denominations take over
2 years, 10 months ago

Rs 2,000 note becomes rarity, small denominations take over

Deccan Chronicle  

HYDERABAD: Attribute it to increased use of digital transactions or sheer scarcity of currency notes, Automated Teller Machines in the city have no currency of Rs 2,000 denomination. Ronak Kumar Agarwal, a businessman in the city said, “In West Marredpally area, there are hardly any deposit machines working and the amount a person can withdraw one time is extremely low. …

SBI ATM Cash Withdrawal Rules, Charges to Change from Next Month. Details Here
3 years, 8 months ago

SBI ATM Cash Withdrawal Rules, Charges to Change from Next Month. Details Here

News 18  

Starting from next month, State Bank of India is all set to change the rules and charges for cash withdrawals from its ATMs and bank branches. Know new rules 1) The changes will be applicable for SBI Basic Savings Bank Deposit account holders. Touted as zero balance savings account, SBI Basic Savings Bank Deposit account is meant for poorer sections …

ATM cash withdrawal fee hiked: Banks to charge Rs 21 per transaction beyond free limit
3 years, 9 months ago

ATM cash withdrawal fee hiked: Banks to charge Rs 21 per transaction beyond free limit

India TV News  

The Reserve Bank of India has allowed the banks to hike the fee charged on cash withdrawal beyond the permitted free ATM transaction limit from Rs 20 to Rs 21 per transaction, with effect from January 1, 2022. Beyond the free transactions, the ceiling/cap on customer charges is Rs 20 per transaction. "To compensate the banks for the higher interchange …

SBI to change ATM cash withdrawal rules from September 18. Know details
4 years, 6 months ago

SBI to change ATM cash withdrawal rules from September 18. Know details

Live Mint  

India's biggest bank SBI is extending OTP-based cash withdrawal for ₹ 10,000 and above throughout the day across all SBI ATMs in the country. For safeguarding customers, SBI had introduced OTP based cash withdrawals of above ₹10,000 between 8 PM – 8 AM through SBI ATMs from January 1, 2020. "With the introduction of 24x7 OTP-based cash withdrawal facility, SBI …

ATMs starts dispensing more of ₹500 instead of ₹2,000
5 years ago

ATMs starts dispensing more of ₹500 instead of ₹2,000

The Hindu  

Banks have started dispensing more of ₹500 notes instead of ₹2,000 denomination notes, a move seen as gradual phasing out of the high denomination currency. The Reserve Bank of India in an RTI response last year had said that the central bank had stopped printing ₹2,000 denomination currency notes. Although there has been no dictate from the Finance Ministry, banks …

THIS bank will no more dispense ₹2,000 notes
5 years ago

THIS bank will no more dispense ₹2,000 notes

India TV News  

Indian Bank will not dispense Rs 2,000 notes anymore. Indian Bank's statement on Rs 2,000 notes: "Customers would step into the branch as soon as they withdrew cash from the ATM, asking for Rs 2,000 notes to be exchanged for notes of smaller denomination. This implies that the Indian Bank ATMs would only dispense Rs 100, Rs 200, and Rs …

PMC Bank scam: RBI increases withdrawal limit to Rs 50,000 per account; over 78% of depositors covered
5 years, 4 months ago

PMC Bank scam: RBI increases withdrawal limit to Rs 50,000 per account; over 78% of depositors covered

Firstpost  

The Reserve Bank on Tuesday increased the withdrawal limits for depositors of the scam-hit Punjab and Maharashtra Cooperative Bank to Rs 50,000 from Rs 40,000 per account The Reserve Bank on Tuesday increased the withdrawal limits for depositors of the scam-hit Punjab and Maharashtra Cooperative Bank to Rs 50,000 from Rs 40,000 per account. #JustIn | @RBI to allow PMC …

PMC Bank: Relief for customers, RBI increases withdrawal limit to Rs 25,000
5 years, 5 months ago

PMC Bank: Relief for customers, RBI increases withdrawal limit to Rs 25,000

India Today  

In a major relief to the hapless customers of the crippled Punjab & Maharashtra Cooperative Bank, the Reserve Bank on Thursday increased the cash withdrawal limit to Rs 25,000 per account-holder from Rs 10,000 set earlier, but retained the six-months curbs. The regulator also said the relaxation in withdrawals will take care of over 70 per cent of the customers …

SBI daily ATM cash withdrawal limit for different debit cards
5 years, 6 months ago

SBI daily ATM cash withdrawal limit for different debit cards

Live Mint  

Country's largest lender State Bank of India permits daily cash withdrawal limit from ATMs for certain debit card holders. Here are some of the ATM cash withdrawal limits applicable to SBI debit cards. ATM withdrawal limit: Minimum: ₹100, Maximum: ₹20,000 SBI Global International Debit Card: With SBI Global International Debit Card you get access to your account whenever and wherever …

No ‘less cash’ two years post note ban
6 years, 4 months ago

No ‘less cash’ two years post note ban

The Hindu  

Thursday, November 8, marks the second anniversary of the demonetisation exercise. According to Reserve Bank of India data, currency in circulation rose to ₹19.6 lakh crore as on October 26, 2018, a 9.5% growth from two years ago. Money trail Currency in circulation increased to ₹19.6 lakh crore as on Oct. 26, 2018, from ₹17.9 lakh crore on Nov.4, 2016 …

SBI halves daily ATM withdrawal to Rs 20,000: The bank has done the right thing; the move will discourage use of cash
6 years, 4 months ago

SBI halves daily ATM withdrawal to Rs 20,000: The bank has done the right thing; the move will discourage use of cash

Firstpost  

Banks in India must dismantle ATMs and simultaneously install more and more swiping machines for their trade customers. State Bank of India has done well to limit cash withdrawals per day by its classic and maestro cardholders to Rs 20,000 from today from the hitherto generous limit of Rs 40,000 ). Indian Overseas Bank, for example, allows on its classic …

ATM cash withdrawal limit: How much SBI, HDFC, PNB, ICICI Bank customers can withdraw
6 years, 5 months ago

ATM cash withdrawal limit: How much SBI, HDFC, PNB, ICICI Bank customers can withdraw

Live Mint  

New Delhi: There are certain limits on cash withdrawals from ATMs and these vary from bank to bank. Limits on other cards are: ICICI Bank Privilege Banking Titanium Debit Card: ₹ 1,00,000 per day ICICI Bank Smart Shopper Gold Debit Card: ₹ 75,000 per day ICICI Bank Smart Shopper Silver Debit Card: ₹ 50,000 per day SBI SBI has lowered …

SBI to limit ATM withdrawals from October 31; here's how much you money you can withdraw
6 years, 5 months ago

SBI to limit ATM withdrawals from October 31; here's how much you money you can withdraw

India TV News  

The country's largest lender SBI will limit cash withdrawals from ATMs to Rs 20,000 per day for certain card holders from October 31, according to a communication. "Daily cash withdrawal limit for Classic and Maestro debit cards has been reduced from Rs 40,000 to Rs 20,000 per day with effect from October 31. If you require higher daily cash withdrawal …

Cash transactions up after demonetisation but India’s ATM network far from adequate
6 years, 5 months ago

Cash transactions up after demonetisation but India’s ATM network far from adequate

Live Mint  

Although demonetisation seemed to put a dampener on India’s cash economy, data shows that it might not have been a lasting impact. The TCPSL report said that India witnessed significant growth in the volume of cash transactions even after demonetisation. The TCPSL report states that even though India’s urban population has adapted to digital payments and transactions, the country’s vast …

Know why SBI reduced ATM withdrawal limit to Rs 20,000
6 years, 5 months ago

Know why SBI reduced ATM withdrawal limit to Rs 20,000

India Today  

With an aim to reduce the rising number of ATM fraud cases and give a boost to digital transactions, the State Bank of India halved the daily ATM withdrawal limit from Rs 40,000 to Rs 20,000. "In view of the increase in the number of complaints received by banks around fraudulent transactions at ATMs and to encourage digital and cashless …

After demonetization, people have been withdrawing larger amounts from ATMs
6 years, 11 months ago

After demonetization, people have been withdrawing larger amounts from ATMs

Live Mint  

Has there been too much withdrawn from automated teller machines? In fact, going by figure 1, it is likely to take a long time for the number of withdrawals from ATMs to hit pre-demonetization levels. In fact, as figure 2 shows, as soon as cash was widely available following demonetization, the average ATM withdrawal amount became higher than in the …

Soon, you will get new Rs 200 notes in ATMs as RBI asks banks to recalibrate cash machines
7 years, 2 months ago

Soon, you will get new Rs 200 notes in ATMs as RBI asks banks to recalibrate cash machines

Firstpost  

The sole purpose of supplying Rs 200 notes through ATMs is to ensure more number of lower denomination currency in citizens’ hands There is good news for citizens who prefer to withdraw money in small amounts and that too from automated teller machines. The Reserve Bank of India has asked banks across the country to supply newly-introduced Rs 200 through …

ATMs run dry: With cash withdrawals at pre-demonetisation levels, is Modi's digitisation drive facing hurdle?
7 years, 11 months ago

ATMs run dry: With cash withdrawals at pre-demonetisation levels, is Modi's digitisation drive facing hurdle?

Firstpost  

Supply of cash from banks to ATMs has currently dropped to Rs 6 lakh from Rs 12 lakh per booth on an average before the note ban days. Data from National Payments Corporation of India shows that bank ATM withdrawals exceeded Rs 1 lakh crore last month, almost the same level seen in October 2016 but double the amount in …

Cash withdrawal and deposit rules as of 3 April
7 years, 11 months ago

Cash withdrawal and deposit rules as of 3 April

Live Mint  

New Delhi: The Reserve Bank of India’s deadline to exchange the old Rs500, Rs1,000 currency notes for Indians who were abroad between 10 November and 30 December 2016 ended on Friday. Here’s a list of cash withdrawal and deposit rules as of 3 April: ■ Old Rs500, Rs1,000 currency notes: The facility for exchange of the scrapped old Rs500, Rs1,000 …

All cash withdrawal limits removed by RBI
8 years ago

All cash withdrawal limits removed by RBI

Live Mint  

New Delhi: The Reserve Bank of India on Monday let go of the last indicator of the two months of demonetisation. The central bank has officially removed all the limits on cash withdrawal from customer bank accounts that were first put in place on 8 November, after Prime Minister Narendra Modi said that Rs500 and Rs1,000 would stop being legal …

Remonetisation nearly complete, all withdrawal limits set to go: Shaktikanta Das
8 years, 1 month ago

Remonetisation nearly complete, all withdrawal limits set to go: Shaktikanta Das

India TV News  

The remonetisation exercise that started post scrapping of the old Rs 500 and 1,000 notes on November 8 is "nearly complete" and there will be no restrictions on withdrawals very soon, Economic Affairs secretary Shaktikanta Das said today. He further said currency supply and management are RBI's responsibility and the central bank will take a call in the near future …

No cap on cash withdrawals at ATMs from Feb 1, says RBI
8 years, 1 month ago

No cap on cash withdrawals at ATMs from Feb 1, says RBI

India TV News  

The Reserve Bank of India today announced the removal of cap on cash withdrawals at ATMs with effect from February 1. The removal of the limits came nearly three months after the Centre scrapped Rs 500 and Rs 1000 notes and imposed a limit on cash withdrawals, creating a huge cash crunch across the country. In a circular issued to …

Limits on Cash withdrawals From Current Accounts & ATMs Withdrawn: Limits On Savings Accounts To Continue [Read Notification]
8 years, 1 month ago

Limits on Cash withdrawals From Current Accounts & ATMs Withdrawn: Limits On Savings Accounts To Continue [Read Notification]

Live Law  

Reserve Bank Of India has withdrawn the limits on cash withdrawals from Current accounts/ Cash credit accounts/ Overdraft account and ATMs with Immediate Effect.As per the circular the limits on Savings Bank accounts will continue for the present and are under consideration for withdrawal in the near future.The limits were imposed on 8th November, 2016 in the wake of withdrawal …

Govt mulls lowering limit for quoting PAN for cash transactions to Rs 30,000
8 years, 2 months ago

Govt mulls lowering limit for quoting PAN for cash transactions to Rs 30,000

India TV News  

Govt mulls lowering limit for quoting PAN for cash transactions to Rs 30,000 In a move aimed at pushing cashless transactions and expanding its ambit of bringing more transactions into the formal economy, the government is learnt to be considering a cut in the current limit of quoting PAN number for cash transactions. In a move aimed at pushing cashless …

Cash withdrawal and deposit rules as of 19 January
8 years, 2 months ago

Cash withdrawal and deposit rules as of 19 January

Live Mint  

New Delhi: The Reserve Bank of India on Tuesday enhanced the cash withdrawal limit at automated teller machines to Rs10,000 per day per card. Here is a list of RBI rules on cash withdrawal and deposits as of 19 January: ■ For saving bank account customers, cash withdrawal limit from ATMs now stands at Rs10,000 per day per account. ■ …

RBI raises ATM withdrawal limit to Rs.10,000 per day.
8 years, 2 months ago

RBI raises ATM withdrawal limit to Rs.10,000 per day.

Live Law  

In a move that will address the cash crunch post the demonetization, the Reserve Bank of India has enhanced the limit on ATM withdrawals from 4,500/- to Rs.10,000 per day per card. Rs.1,00,000/- per week.The notification issued by the central bank states that the enhanced limit will be operative within the overall. The limit of withdrawal from current account which …

Demonetisation: RBI raises daily ATM withdrawal limit to Rs 10,000 per card from Rs 4,500
8 years, 2 months ago

Demonetisation: RBI raises daily ATM withdrawal limit to Rs 10,000 per card from Rs 4,500

Firstpost  

The fears of shortage and cash hoarding by customers are unlikely to go away completely as the RBI continues to withhold details about currency printing and supply The Reserve Bank of India has raised the withdrawal limits from ATMs to Rs 10,000 per day per card from the present Rs 4,500. The limit on withdrawal from current accounts has been …

RBI enhances ATM withdrawal limit to Rs 10,000 per day; weekly limit unchanged
8 years, 2 months ago

RBI enhances ATM withdrawal limit to Rs 10,000 per day; weekly limit unchanged

India TV News  

Further lessening the demonetisation woes, the Reserve Bank of India today raised the ATM withdrawal limit from Rs 4,500 to Rs 10,000 per day. “The limit on withdrawals from ATMs has been enhanced from the current limit of Rs 4,500 to Rs 10,000 per day per card,” the RBI said in a notification. However, no changes have been made in …

RBI increases cash withdrawal limit at ATMs to Rs10,000 per day
8 years, 2 months ago

RBI increases cash withdrawal limit at ATMs to Rs10,000 per day

Live Mint  

New Delhi: The Reserve Bank of India has eased the cash withdrawal limit at automated teller machines with immediate effect. These enhanced cash withdrawal limits will be within the weekly cap of Rs24,000, the central bank said. RBI has also enhanced weekly cash withdrawal limits for current accounts to Rs1 lakh from Rs50,000 earlier. On 1 January, RBI had relaxed …

Demonetisation: Cash in, Chandigarh residents call for lifting cap on ATM withdrawal
8 years, 2 months ago

Demonetisation: Cash in, Chandigarh residents call for lifting cap on ATM withdrawal

Hindustan Times  

Forced to be part of long queues at ATMs and banks since November 8, when the Prime Minister invalidated 86% of the country’s cash in circulation, the past two months have tested the patience of the city residents as they grappled with the economics of less or no cash. Most ATMs were found dispensing cash and hardly any resident was …

Demonetisation: Rs 4,500 per day ATM limit is of little help when 2/3 machines run dry
8 years, 2 months ago

Demonetisation: Rs 4,500 per day ATM limit is of little help when 2/3 machines run dry

Firstpost  

When Prime Minister Narendra Modi addresses the nation on the New Year Eve, he should give clarity on how long the current cash shortage will continue. That’s the biggest worry for the common man ATMs will dispense a maximum Rs 4,500 per day per account holder beginning 1 January, said a circular from the Reserve Bank of India on Friday. …

Demonetisation: Withdrawal limit from ATM hiked to Rs 4,500 per day from 1 January
8 years, 2 months ago

Demonetisation: Withdrawal limit from ATM hiked to Rs 4,500 per day from 1 January

Firstpost  

In a relief to common man, the Reserve Bank of India on Friday said cash withdrawal limit from ATMs will be increased to Rs 4,500 per day from the current Rs 2,500 from 1 January Mumbai: In a relief to common man, the Reserve Bank of India on Friday said cash withdrawal limit from ATMs will be increased to Rs …

Restrictions on cash withdrawals may continue beyond December 30
8 years, 2 months ago

Restrictions on cash withdrawals may continue beyond December 30

Firstpost  

Banks at many places are not in a position to disburse even the current limit of Rs 24,000 per week due to cash crunch and are rationing the valid currency depending on cash availability. New Delhi: Restrictions on withdrawal of cash from banks and ATMs are likely to continue beyond December 30 as currency printing presses and RBI have not …

Restrictions on cash withdrawal likely to stay longer: SBI chairman
8 years, 3 months ago

Restrictions on cash withdrawal likely to stay longer: SBI chairman

India TV News  

Even as the exchange facility for demonetised notes will ends on December 30, State Bank of India chief Arundhati Bhattacharya believes that the restriction on cash withdrawal is likely to continue for longer period of time. "We do not expect the restrictions to go overnight until the banks get more cash," The Hindu quoted the SBI chairman as saying. Currently …

Cash withdrawal rules to be eased after 80% remonetisation: Official
8 years, 3 months ago

Cash withdrawal rules to be eased after 80% remonetisation: Official

Live Mint  

New Delhi: The government is considering easing rules on cash withdrawals, starting with cooperative banks, once 80% of the new currency is introduced into the system, a top official said on Thursday. With 50% or Rs7.5 trillion worth of remonetisation complete, queues at banks have reduced substantially and are visibly longer only in poll bound states like Uttar Pradesh and …

New note ban and cash withdrawal rules as of 19 December
8 years, 3 months ago

New note ban and cash withdrawal rules as of 19 December

Live Mint  

New Delhi: The Narendra Modi government on Monday placed additional limits on deposits of old Rs500, Rs1,000 notes into bank accounts. • The current limits on cash withdrawal will be reviewed after 30 December, the last day to deposit old Rs500 and Rs1,000 currency notes, says finance secretary Ashok Lavasa. • The government is considering easing rules on cash withdrawals, …

Demonetisation: Banks gear up for rush on pay day as ATMs run dry
8 years, 3 months ago

Demonetisation: Banks gear up for rush on pay day as ATMs run dry

India TV News  

Chaotic queues got longer on Wednesday as people in large numbers gathered at banks after monthly salaries got credited in bank accounts- the first pay day since the scrapping of Rs 500 and Rs 1000 notes, a move which has created an unprecedented cash crunch across the country. Top government officials say special efforts are being made to pump in …

Salary day amid note ban: Banks start rationing to combat cash crunch; pressure to escalate
8 years, 3 months ago

Salary day amid note ban: Banks start rationing to combat cash crunch; pressure to escalate

Firstpost  

Ahead of salary day, facing shortage of cash supply vis-à-vis huge demand for withdrawal of cash from customers, the banks have resorted to rationing of cash dispensation. Facing shortage of cash supply vis-à-vis huge demand for withdrawal of cash from customers, the banks have resorted to rationing of cash dispensation. Based on their status of cash in hand, the public …

Demonetisation: RBI eases withdrawal limits for deposits made in legal tender
8 years, 3 months ago

Demonetisation: RBI eases withdrawal limits for deposits made in legal tender

ABP News  

MUMBAI: To encourage people to deposit valid currency notes in banks, RBI today said bank customers would be able to withdraw deposits made in current legal tender notes beyond the current limits, a move aimed at increasing currency circulation in system. For example, if someone deposits valid legal tenders of Rs 4,000, the withdrawal limit for that person would rise …

Over two weeks after banknote ban, here are all steps taken by Modi govt
8 years, 3 months ago

Over two weeks after banknote ban, here are all steps taken by Modi govt

Hindustan Times  

Prime Minister Narendra Modi shocked the country on November 8 by abolishing Rs 500 and Rs 1,000 notes, which accounted for 86% of the cash in circulation. November 23 - The government says will offer Rs 210 bn rupees in farm credit to farmers November 22 - RBI sets balance kept in prepaid wallets, cards at 20,000 rupees from 10,000 …

Demonetisation: RBI takes special steps, increases mobile wallet limit to Rs 20,000 per month
8 years, 4 months ago

Demonetisation: RBI takes special steps, increases mobile wallet limit to Rs 20,000 per month

Firstpost  

Users can load up to Rs 20,000 into digital wallets, and merchants can transfer Rs 50,000 worth of funds into bank accounts every month. After this, the transfer limit to banks from PPI has been increased to Rs 50,000 per month, with no limit on the amount that can be transferred in a single transaction. Govind Rajan, CEO of Freecharge, …

New rules on cash withdrawal: Note exchange stopped at banks
8 years, 4 months ago

New rules on cash withdrawal: Note exchange stopped at banks

Live Mint  

New Delhi: The Narendra Modi government has changed norms on cash withdrawal and deposits following the ban on ₹ 500 and ₹ 000 notes. However, payments can be done only through old Rs500 notes • The Reserve Bank of India on Friday clarified that it will allow exchange of old ₹ 500 and ₹ 1,000 notes at its counters up …

Demonetisation: Queues getting shorter at banks but long wait at ATMs continues
8 years, 4 months ago

Demonetisation: Queues getting shorter at banks but long wait at ATMs continues

India TV News  

Many banks have now started witnessing shorter queues following some restrictions on exchange of scrapped Rs 500 and Rs 1,000 notes, but people were still seen waiting in frustration at ATMs due to cash scarcity. Today, all banks are serving only their respective customers and are not exchanging the old Rs 500 and Rs 1,000 notes from customers of other …

Demonetisation: Cash withdrawal norms eased for farmers, agri-traders, weddings
8 years, 4 months ago

Demonetisation: Cash withdrawal norms eased for farmers, agri-traders, weddings

Firstpost  

The government on Thursday announced a set of seven decisions pertaining to demonetisation, mainly aimed at smooth sowing season ahead New Delhi: The government on Thursday announced a set of seven decisions pertaining to demonetisation, mainly aimed at smooth sowing season ahead, including permission to farmers to withdraw up to Rs 25,000 per week and registered agri-traders Rs 50,00 per …

Currency note ban: New rules and highlights on Day 9
8 years, 4 months ago

Currency note ban: New rules and highlights on Day 9

Live Mint  

Nine days after Prime Minister Narendra Modi announced a ban on Rs500 and Rs1,000 currency notes to fight black money, the supply of cash at banks and ATMs is yet to return to normalcy. The cash shortage arising from the scrapping of nearly 86% of the currency notes in circulation is adversely impacting a range of economic activities with people …

New cash withdrawal rules: Exchange limit for old notes Rs2,000 from Friday
8 years, 4 months ago

New cash withdrawal rules: Exchange limit for old notes Rs2,000 from Friday

Live Mint  

New Delhi: The government on Thursday reduced the amount of old Rs500 and Rs1000 notes notes that can be exchanged at bank branches to ₹ 2,000 for one person from ₹ 4,500 earlier to allow more people to avail the facility and reduce the long queues. “The total cash amount of exchanging old notes against new notes has been reduced …

Over-the-counter notes exchange limit reduced to Rs. 2,000 from Friday
8 years, 4 months ago

Over-the-counter notes exchange limit reduced to Rs. 2,000 from Friday

The Hindu  

In an effort to reduce the burden of demonetisation on the common man, Economic Affairs Secretary Shaktikanta Das said on Thursday that families can withdraw up to Rs. “To enable larger number of people to get benefit of over-the-counter exchange of Rs 500 and Rs 1,000 notes, the existing limit of Rs 4,500 will be reduced to Rs 2,000 with …

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