RBI, today vide notification RBI/2016-17/217 DCM (Plg) No. 2905/10.27.00/2016-17  dated 30-01-2017 withdraw by immediate effect the  limit on cash withdrawals from Current/Overdraft/Cash Credit accounts.

The limits on Savings Bank accounts will continue for the present and are under consideration for withdrawal in the near future.

Limits imposed vide the various circulars/notifications placed on cash withdrawals from ATMs stand withdrawn from February 01, 2017. However, banks may, at their discretion, have their own operating limits as was the case before November 8, 2016. The same will not be applicable to ATM transactions related to Savings Bank accounts.

To view the notification, please click the link below:

https://drive.google.com/open?id=0BwfaVqFwg9yDZmhJTkstc3R2SEU