Cash Withdrawal Limit increased to 4500 from 1st January, 2017

Daily Cash Withdrawal Limit increased to 4500 from 1st January, 2017 which was Rs. 2500 till today (31st December, 2016).

It is to be worth noted that after demonetization dated 8th November, Limit is getting constantly reviewed by government and RBI having regard to the supply and demand of new currency notes as well as vision of the government to supply currency in economy.

As a layman, people are expecting this limit of 4500 withdrawals a day to no limit soon, but it seems not possible to make it no limit as the same would lead to no significance of this drastic move of partial demonetization and achievement of cashless (Less Cash!) economy.

For now,

Daily Cash Withdrawal Limit increased to 4500 from 1st January, 2017 which was Rs. 2500 till today (31st December, 2016).

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