Free Demo Request

Withdrawal of Legal Tender Character of existing ? 500/- and ? 1000/- Bank Notes – Revision in limits

RBI/2016-17/141
DCM (Plg) No.1304/10.27.00/2016-17

November 20, 2016

The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign Banks
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks/ District Central Co-operative Banks

Dear Sir,

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.

Yours faithfully,

(Suman Ray)
General Manager

 

High-volume of Loyal
and Trusted Customers!

We feel pride in offering our customers the wide range of products of the top leading brands of the world.

BCG Binani
Godrej
Induslnd Bank
Indian Oil
ITC Limited
Jindal Steel Power
Milton
Paharpur
Philips
Reliance
TATA Chemicals Limited
The Times of India
Wipro
Yamaha
Dalmia Bharat Cement
JCB
Pernod Ricard