Government has vide notification No. S.O. 3407(E) dated the 8th November, 2016 specified that cash withdrawal limit from Automatic Teller Machines shall be raised to Rs.4,000 per day per card from 19th November, 2016 but now vide notification No. S.O. 3449(E) dated: 14.11.2016 government has omitted the part of notification which provided for increase in Cash withdrawal Limit from ATM.

MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 14th November, 2016

S.O. 3449(E).—In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby further amends the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O. 3407(E) dated the 8th November, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th November, 2016, namely:—

1. In the said notification, in paragraph 2,—

(a)   in clause (vi), the words, letters and figures “until the end of business hours on 24th November, 2016, after which these limits shall be reviewed” shall be omitted;

(b)  after clause (vi), the following proviso shall be inserted, namely:—

“Provided that cash withdrawal from a current account, which is in operation during the last three months or more, shall be restricted to Rs. 50,000/- a week.”;

(c) in clause (viii), the words, letters and figures “and the limit shall be raised to Rs. 4000/- per day per card from 19th November, 2016” shall be omitted.

[F. No. 10/03/2016-Cy. I]

Dr. SAURABH GARG, Jt. Secy.

Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification number S.O. 3407(E) dated the 8th November, 2016 and subsequently corrected vide notification number S.O. 3418(E) dated the 9th November, 2016 and amended vide S.O. 3446(E) dated the 13th November, 2016.


List of Related Notification by Ministry of Finance is as follows :-

Title Notification No. Date
Notification relaxing cash withdrawal for farmers & for Wedding S.O. 3480(E) 17/11/2016
Notification relaxing cash withdrawal by APMC Traders & Change in Cash Exchange Limit S.O. 3479(E) 17/11/2016
Notification relaxing cash withdrawal for farmers & for Wedding S.O. 3480(E) 17/11/2016
Notification relaxing cash withdrawal by APMC Traders & Change in Cash Exchange Limit S.O. 3479(E) 17/11/2016
No Change in ATM Cash withdrawal Limit from 19.11.2016 S.O. 3449(E) 14/11/2016
Exemptions for acceptance of old Rs. 500 & 1000 notes to continue till 24.11.2016 S.O. 3448(E) 14/11/2016
Exceptions to withdrawal of ₹ 500 & ₹ 1000 Banknotes S.O. 3447(E). 13/11/2016
RBI Increases Daily / Weekly / ATM Cash withdrawal limit S.O. 3446(E) 13/11/2016
Exemptions to cancellation of Rs. 500 & 1000 notes to continue till 14.11.2016 S.O. 3445(E). 11/11/2016
Govt notifies withdrawal of bank notes of ₹ 500 & 1000 S.O. 3418(E) 08/11/2016
Govt notifies denomination of ₹ 2000 Bank note S.O. 3417(E) 09/11/2016
Use old 500 & 1000 notes on Toll Plaza, for LPG Cylinder etc. S.O. 3416(E) 09/11/2016
Old demonitised notes can be used to pay Govt Tax, Fees & Penalty S.O. 3429(E). 10/11/2016
Govt notifies denomination of ₹ 2000 Bank note S.O. 3409(E) 08/11/2016
Exceptions to withdrawal of ₹ 500 & ₹ 1000 Banknotes S.O. 3408(E) 08/11/2016
Govt notifies withdrawal of bank notes of ₹ 500 & 1000 S.O. 3407(E) 08/11/2016

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Category : Fema / RBI (3547)
Type : Notifications (16076) Notifications/Circulars (32599)
Tags : black money (739) Demonetization (479) RBI Notifications (2012)

One response to “No Change in ATM Cash withdrawal Limit from 19.11.2016”

  1. pradeep tuli says:

    since Rs. 500 and Rs. 1000 notes are now iiligal tender ; the govt. should instruct the banks to accept cash in hand notes as on the date of demonetisation only once from an undividual or firm or company or others. This will help in curbing the tendacy of multiple deposits and shall be more effective in curbing black money conversion.

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