New Limits

  • ATM Withdrawal – Rs 2500
  • Exchange Limit – Rs 4500
  • Withdrawal Through Cheque – Rs 24000 (Per Week)

The decision came after the Finance Ministry reviewed the position regarding availability and distribution of all denomination of bank notes.

Furthermore, banks have been advised to increase the issuance and use of mobile wallets and debit/credit cards as also to provide them to those customers and establishments not having access to these non-cash means of payment and the last date for submission of the annual life certificate for the government pensioners, which is to be submitted in November every year, has been extended up to January 15.