PLEASE NOTE :- kalahandipost.blogspot.com is not the official website of kalahandi postal division. It is just a private initiative to make the people aware about different postal product and services.All content displayed here are contributed by user and collected from different open sources. We do not claim any accuracy or originality of content.All pages you visit through the hyper link may have different privacy policy.we will not be liable for any losses, injuries or damages arising from its display or use. [ For any query/suggestion, kindly mail us at kalahandipost@gmail.com ]
kalahandipost.blogspot.com is not the official website of kalahandi postal division. It is just a private initiative to make the people aware about different postal product and services.All content displayed here are contributed by user and collected from different open sources. We do not claim any accuracy or originality of content.All pages you visit through the hyper link may have different privacy policy.we will not be liable for any losses, injuries or damages arising from its display or use.

Exchange limit increase from Rs 4000 to Rs 4500; ATM withdrawal limit raised to Rs 2,500

The government on Sunday lifted several restrictions imposed on withdrawing money from automated teller machines (ATMs) and banks and exchange of old notes as it moved to ease the pain and frustration of people reeling under a cash crunch after the scrapping of some high value currencies last week.

Banks have been advised to raise the exchange limit over the counter from 4,000 to 4,500 while the cash withdrawal limit at ATMs will be increased from 2,000 to 2,500 per day in the recalibrated cash vending machines, the finance ministry said after it reviewed the situation. The weekly limit of 20,000 for withdrawing from bank accounts has been increased to 24,000 and the limit of 10,000 per day has been removed.

The finance ministry is coordinating with RBI, banks and post offices to make notes of all denominations available at all locations. The government also issued instructions to banks and post offices to ensure proper distribution of all notes of all denominations. "Banks have also been specially advised to ensure availability and distribution of small denomination notes," a finance ministry statement said.

"Coordination is being continuously done by the ministry of finance with RBI, banks and post offices to make all denomination notes available at all locations," it said. In a major relief to pensioners, the government extended the last date for submitting the annual life certificate to January 15, 2017.

Every year in November, government pensioners are expected to submit a certificate stating that they are alive. Banks were flooded with old 500 and 1,000 notes. About 3 lakh crore worth of such notes have been deposited in the banking system and about 50,000 crore has been dispensed to customers through withdrawal from their accounts or from ATM's or exchange at the counters. Within three four days, the banking system has handled about 18 crore transactions

SOURCE:- http://timesofindia.indiatimes.com/india/Banks-asked-to-increase-exchange-limit-from-Rs-4000-to-Rs-4500-ATM-withdrawal-limit-raised-to-Rs-2500/articleshow/55406872.cms

1 comment:

  1. 10वीं, 12वीं पास के लिए भारतीय डाक में निकली बम्पर भर्ती
    Readmore todaynews18.com https://goo.gl/x5HWa6

    ReplyDelete