**Summary:**
RBI Circular RBI201617158 DCM Plg No. 142410.27.00201617, dated November 25, 2016, issued by the Reserve Bank of India (RBI), informs all Public Sector Banks, Private Sector Banks, Foreign Banks, Regional Rural Banks, Urban Cooperative Banks, State Cooperative Banks, and District Central Cooperative Banks that the weekly cash withdrawal limit of ₹24,000 for existing customers will remain in effect until further notice. This limit includes withdrawals made from ATMs, as previously stipulated in circular DCM Plg No.130410.27.00201617 dated November 20, 2016. This circular refers to earlier communications DCM Plg Nos. 127210.27.00201617 and 127310.27.00201617 dated November 13 and November 14, 2016, respectively. Banks are requested to acknowledge receipt of the circular. The issuing authority is Suman Ray, General Manager, Reserve Bank of India.
Key Entities Referenced
Reserve Bank of India: Refers to the Reserve Bank of India (RBI), the central bank of India, which issued the circular.
Public Sector Banks: Refers to banks in India that are owned by the government.
Private Sector Banks: Refers to banks in India that are privately owned.
Foreign Banks: Refers to banks operating in India that are headquartered in other countries.
Regional Rural Banks: Refers to Regional Rural Banks in India.
Urban Cooperative Banks: Refers to Urban Cooperative Banks in India.
State Cooperative Banks: Refers to State Cooperative Banks in India.
District Central Cooperative Banks: Refers to District Central Cooperative Banks in India.
RBI/2016-17/158
DCM (Plg) No. 1424/10.27.00/2016-17 November 25, 2016
The Chairman / Managing Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural
Banks / Urban Cooperative Banks/ State Cooperative Banks/ District Central
Cooperative Banks
Dear Sir,
Withdrawal of cash – Weekly limit
Please refer to our circulars DCM (Plg) Nos. 1272/10.27.00/2016-17 and
1273/10.27.00/2016-17 dated November 13 and November 14, 2016, respectively.
The banks are, hereby, advised that they may continue to allow their existing
customers to withdraw cash from their accounts upto ` 24,000/- per week, till further
instructions. The said limit include withdrawals from ATMs as stipulated in our
circular DCM (Plg) No.1304/10.27.00/2016-17 dated November 20, 2016.
2. Please acknowledge receipt.
Yours faithfully,
(Suman Ray)
General Manager