DCM (Plg) No.1304/10.27.00/2016-17
The Chairman / Managing
Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks/
District Central Co-operative Banks
Withdrawal of Legal Tender
Character of existing ? 500/- and ? 1000/- Bank Notes – Revision in limits
Please refer to Para 1 (ii) of
our circular DCM (Plg) No.
1272/10.27.00/2016-17 dated November 13, 2016 in terms of which
the daily limit of withdrawal from recalibrated ATMs was increased from ?
2000/- to ? 2500/- per day while retaining the same at ? 2000 in case of
other ATMs which banks until they are re-calibrated.
2. Recalibration of ATMs is
being closely monitored and substantial progress has been made. On a review
it has been decided to retain the limits unchanged till further
instructions. Banks may continue to dispense ? 50 and ? 100 bank notes
through the non –recalibrated ATMs until they are re-calibrated.
3. Please acknowledge receipt.