Wednesday 21 December 2016

Cap on ATM withdrawal to be eased after Dec 30, says MoS Finance



Minister of State for Finance Santosh Gangwar has said that the current restrictions on ATM withdrawals will be removed after December 30 and added that there are sufficient cash to cater to people's needs.
When he was asked about the possibility of easing withdrawal caps, Gangwar said, "Yes, of course, it will happen. It's just a temporary phase."
When we he was asked as to whether the withdrawal limits will be normalised, Gangwar said, "I am also in favour of that, but it is under discussion."
Currently, a maximum of Rs 2,500 can be withdrawn from ATMs in a day, while Rs 24,000 per week can be withdrawn from bank accounts(ReadMore).

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