Reserve bank of India has advised banks to recall retired employees; if needed, to make banking operations smooth for customers. RBI has also made it clear that there will not be any deposit limit but withdrawal limit is set to RS. 25,000 per week, including ATM withdrawals, up to 24 November 2016 after which these limits will be reviewed.
Present Withdrawal or Exchange limits:
- RS. 2500 per card per day up to 18 November 2016
- RS. 4500 per card per day after 18 November 2016
- RS. 4500 per person for exchange of notes irrespective to amount of deposit at counters.
- There are no such limits on non-cash transactions Therefore, you can perform important transactions through these transaction mediums such as Electronic Fund Transfer, Wire Transfer and the like.