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RBI/2016-17/142
DCM (Plg) No.1317/10.27.00/2016-17
November
21, 2016
The Chairman / Managing
Director/Chief Executive Officer
Public Sector Banks / Private Sector Banks/ Foreign Banks
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks/
District Central Cooperative Banks
Dear Sir,
Withdrawal
of Legal Tender Character of Specified Bank Notes –
Cash Withdrawal Limit
Please refer to Para (i) –
Additional Facilities of our Circular No. DCM
(Plg) No.1274/10.27.00/2016-17 dated November 14, 2016 in terms
of which current account holders (applicable to Current Accounts which are
operational for last three months or more) were allowed to withdraw up to ?
50000 in cash, in a week. On a review, it has been decided to extend this
facility to Overdraft and Cash Credit accounts also. Accordingly, holders
of current / overdraft / cash credit accounts, which are operational for
the last three months or more, may now withdraw upto ? 50000 in cash, in a
week. This enhanced limit for weekly withdrawal is not applicable for
personal overdraft accounts.
2. Such withdrawals may be
disbursed predominantly in ? 2000 denomination bank notes.
Yours faithfully,
(Suman Ray)
General Manager
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