Revision in Limits of withdrawal of Legal tender Character of existing Rs. 500/- and Rs. 1000/- Bank Notes

From: CPMG Orissa Circle

Sent: 14 November 2016 15:20

To: PMG Sambalpur Region; PMG Behrampur Region; Balasore DO; Bhadrak DO; Mayurbhanj DO; Cuttack South DO; Cuttack North DO; Puri DO; Cuttack City DO; Bhubaneswar DO; Bolangir DO; Dhenkanal DO; Sambalpur DO; Keonjhar DO; Sundargarh DO; Koraput DO; Kalahandi DO; Aska DO; Phulbani DO; Berhampur DO

Subject: Fw: Revision in Limits of withdrawal of Legal tender Character of existing Rs. 500/- and Rs. 1000/- Bank Notes

​Please follow the trail mail and act immediately,

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From: Director (CBS)
Sent: 14 November 2016 14:22
To: All CPMG; CPMG Telangana Circle
Cc: Member (Banking & HRD)

Subject: Revision in Limits of withdrawal of Legal tender Character of existing Rs. 500/- and Rs. 1000/- Bank Notes

Respected Sir/Madam,

The brief of the changes (as per RBI Circular Dated 13.11.2016) is as follows:-  

·   The limit for exchange of Specified Bank Notes, over the counter has been increased from the existing Rs. 4000/- to Rs.  4500.

·   The daily limit on withdrawal from ATMs has been increased from the existing Rs. 2000/- to Rs.  2500/- per day in the recalibrated ATMs, other ATMs will continue to dispense Rs. 50 and Rs.  100 bank notes until they are re-calibrated.

·   The weekly limit of Rs.  20000/- for withdrawal from  accounts has been increased to Rs. 24000 and the daily limit of Rs. 10000/- per day stands withdrawn.

            This is for your kind information and further necessary action.

With regards,

Sachin Kishore
Director (CBS)
Sansad Marg,
Dak Bhavan