From January 1, you can withdraw Rs 4,500 a day from ATMs: RBI

The Reserve Bank of India (RBI) on Friday raised the daily ATM cash withdrawal limit from the existing Rs 2,500 to Rs 4,500 a day for an individual from January 1. The central bank, however, did not change the weekly withdrawal limit of Rs 24000 from banks.

The move came on the last day of depositing scrapped Rs 500 and Rs 1000 notes in banks, though people still have time to exchange the bills at designated RBI counters till March 31.

In its direction to banks on ATM withdrawals, the RBI said: “Such disbursals should predominantly be in the denomination of Rs 500.”