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Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

Withdrawal limit for PMC Bank depositors raised to Rs 50,000

With the above relaxation, more than 78 per cent of the depositors of the bank will be able to withdraw their entire...

5 Nov 2019 6:30 PM IST

Employees of Finance Ministry stand in a long queue to withdraw cash from an ATM at North Block in New Delhi. (Photo: PTI)

RBI raises daily ATM withdrawal limit to Rs 10,000 from Rs 4,500

Withdrawal limit of current account raised to Rs 1 lakh per week.

16 Jan 2017 5:26 PM IST

A Bank Employee counting the bundles of the received currency of old 1000 & 500 notes at a cash counter. (Photo: PTI)

Govt allows farmers to use old notes for buying seeds

Meanwhile, RBI said that holders of current, overdraft or cash credit accounts may now withdraw up to Rs 50,000 in cash...

21 Nov 2016 2:47 PM IST

As the four occupants, including a woman, failed to give any satisfactory explanation about the source of cash in their possession, they have been detained, police said. (Photo: Representational Image)

Govt likely to increase cash withdrawal limit after Dec 30

Presently, an individual can withdraw Rs 2,500 a day through ATM and Rs 24,000 a week through cheques at banks.

28 Dec 2016 12:14 PM IST

People queue up outside an ATM in Wadala on Sunday, but most could only withdraw Rs 4,000.

Mumbai: Lack of Rs 500 notes irks ATM customers

The withdrawal limit from banks is Rs 24,000 a week at present.

2 Jan 2017 2:51 AM IST

People standing in a long queue to collect cash from an ATM in Kolkata. (Photo: PTI/File)

RBI raises cash withdrawal limit for savings a/c to Rs 50,000 from Feb...

There will be no limit on cash withdrawal from savings bank accounts from March 13, the RBI said.

8 Feb 2017 2:57 PM IST