RBI increases ATM withdrawl limit

RBI increases ATM withdrawl limit

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Deal Subedar
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RBI increases ATM withdrawl limit from Midnight 12:00AM!
10K per day and 24k per week!
https://www.google.co.in/amp/m.ndtv.com/india-n...

23 Comments  |  
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Channel Alert
Info: RBI increases daily ATM withdrawal limit to 10K from tomorrow. Weekly: 24K


Slight correction: The new limits are supposed to be effective immediately, i.e. tonight itself. @BATMAN07 Why did you mention tomorrow?

Update at 7:52pm: Despite the notification, banks might take until tomorrow to implement the new ATM limits.

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DealSeeker wrote:
Channel Alert
Info: RBI increases daily ATM withdrawal limit to 10K from tomorrow. Weekly: 24K




Slight correction: The new limits are supposed to be effective immediately, i.e. tonight itself. @BATMAN07 Why did you mention tomorrow?

Yes! I edited it!

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WOLVERINE07 wrote:

Means midnight 12:00am

Yeah, I understand that. But some news articles mention “effective immediately” which means as soon as the announcement was made by RBI, i.e. before midnight itself.

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DealSeeker wrote:

Yeah, I understand that. But some news articles mention “effective immediately” which means as soon as the announcement was made by RBI, i.e. before midnight itself.

Not immediately bro.
Just now went to ATM, got only 4.5k

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WOLVERINE07 wrote:

Not immediately bro.
Just now went to ATM, got only 4.5k

Ok, thanks for checking and confirming. I guess they did not really mean “with immediate effect”. https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif

“On a review of limits placed on withdrawals from ATMs and current accounts, it has been decided to enhance the same, with immediate effect …,” the central bank said in a notification.

Read more at:
http://economictimes.indiatimes.com/articleshow...

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is the cash available or modi giving election lolipops

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superwoman wrote:

is the cash available or modi giving election lolipops

Please call LIL WAYNE here https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif

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vu + KG for update.

Ezio auditore  italy  1481 by justanor d2wovz1
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DealSeeker wrote:

Ok, thanks for checking and confirming. I guess they did not really mean “with immediate effect”. https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif


“On a review of limits placed on withdrawals from ATMs and current accounts, it has been decided to enhance the same, with immediate effect …,” the central bank said in a notification.

Read more at:
http://economictimes.indiatimes.com/articleshow...

Immediate effect generally means effective from midnight or tomorrow. Don’t forget this ain’t Amazon, fc or something this is govt of india and they generally take time to implement decisions..some legislative decisions need gazette notification, parliament passing etc but since this is a financial executive decision, the govt can expedite these decisions and can implement them overnight.

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EzioAuditore wrote:

Immediate effect generally means effective from midnight or tomorrow. Don’t forget this ain’t Amazon, fc or something this is govt of india and they generally take time to implement decisions..some legislative decisions need gazette notification, parliament passing etc but since this is a financial executive decision, the govt can expedite these decisions and can implement them overnight.

Since you have added “generally” in there and I do not usually follow the implementation of government policy changes, I have nothing but the following to add.

They should NOT use terms like “with immediate effect” when they don’t really mean it for 24×7 services like ATM withdrawals.

BTW, do you work for the central government?

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I have been hearing still 60% of ATM’s are not working & still banks are giving only 10k per day in rural towns https://cdn2.desidime.com/assets/textile-editor/icon_rolleyes.gif

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DealSeeker wrote:

Since you have added “generally” in there and I do not usually follow the implementation of government policy changes, I have nothing but the following to add.

They should NOT use terms like “with immediate effect” when they don’t really mean it for 24×7 services like ATM withdrawals.

BTW, do you work for the central government?

I agree they shouldn’t use ‘immediate effect’ but for them this means overnight decision. Yes it is ambiguous and vague but what can you expect from them? They are following the same definitions (and some acts) since 1800s.
They are improving yes but it will take time.
And no sir, I don’t work for the central government.

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superwoman wrote:

is the cash available or modi giving election lolipops

Modi hate monger love be f by corrupts
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IN MODI ERA
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PHOTO
YOGA NAHI AATI

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Hello guys,I need to withdraw cash from my account to pay some local dealer (approx 2 lakhs), and the dealer is also not accepting bank transfer or cheque. What are the ways by which i can withdraw that much cash quiker? Currently 24k per week is not sufficient. https://cdn1.desidime.com/assets/textile-editor/icon_confused.gif

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digyvijaykumar123 wrote:

Hello guys,I need to withdraw cash from my account to pay some local dealer (approx 2 lakhs), and the dealer is also not accepting bank transfer or cheque. What are the ways by which i can withdraw that much cash quiker? Currently 24k per week is not sufficient. https://cdn1.desidime.com/assets/textile-editor/icon_confused.gif

If you stay in Hyderabad, I can help you
My family has total 7 DC , you could transfer the money and I will withdraw and give you

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WOLVERINE07 wrote:

If you stay in Hyderabad, I can help you
My family has total 7 DC , you could transfer the money and I will withdraw and give you

https://cdn2.desidime.com/assets/textile-editor/icon_cry.gif I live in Jharkhand.. BTW thanks a lot for your help proposal. https://cdn2.desidime.com/assets/textile-editor/icon_smile.gif
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some good news finally! https://cdn1.desidime.com/assets/textile-editor/icon_biggrin.gif

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digyvijaykumar123 wrote:

Hello guys,I need to withdraw cash from my account to pay some local dealer (approx 2 lakhs), and the dealer is also not accepting bank transfer or cheque. What are the ways by which i can withdraw that much cash quiker? Currently 24k per week is not sufficient. https://cdn1.desidime.com/assets/textile-editor/icon_confused.gif

You can give a try again to withdraw, I was able to withdraw 24 on 1st and again was able to withdraw 22 on 2nd feb. Same debit card and saving account

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What about cash transaction ban of 3 lakhs and more

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gdeal wrote:

You can give a try again to withdraw, I was able to withdraw 24 on 1st and again was able to withdraw 22 on 2nd feb. Same debit card and saving account

Thanks it worked. 48 K in 2 days. (PNB CARD)

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