Sun, Jul 23, 2017 | updated 06:01 AM IST

Govt asks banks to increase ATM withdrawal limit to Rs 2,500 per day

Updated: Nov 13, 2016 21:01 IST      
Govt asks banks to increase ATM withdrawal limit to Rs 2,500 per day

New Delhi [India], Nov. 13 (ANI): The Union Finance Ministry on Sunday advised the banks to increase the cash withdrawal limit at ATMs from the existing Rs. 2,000 to Rs 2,500 per day in the recalibrated ATMs and to increase the exchange limit over the counter from the existing Rs 4,000 to Rs. 4,500.

The ministry further advised the banks to increase the Business Correspondents limit to Rs 2,500 for withdrawal from bank accounts and also the weekly limit of Rs. 20,000 for withdrawal from accounts has been increased to Rs. 24,000, removing the limit of Rs.10,000.

The decision came after the Finance Ministry reviewed the position regarding availability and distribution of all denomination of bank notes.

Furthermore, banks have been advised to increase the issuance and use of mobile wallets and debit/credit cards as also to provide them to those customers and establishments not having access to these non-cash means of payment and the last date for submission of the annual life certificate for the government pensioners, which is to be submitted in November every year, has been extended up to January 15.

In a statement, based on the reports received from the states, banks and other sources, the Department of Economic Affairs, Ministry of Finance, noted that in the first four days - November 10-13 up to 5 pm - about Rs 3 lakh crores of old Rs 500 and Rs. 1000 notes were deposited in various banks and about Rs 50,000 crores dispensed to customers either by withdrawal from their accounts or ATMs or by exchange at the counter, whereas during this period, the banking system handled about 21 crore transactions.

The statement said coordination is being continuously done by the ministry with the Reserve Bank of India ( RBI), banks and post offices to make all denomination notes available at all locations and instructions were given to the banks and post offices to ensure proper distribution of all denomination notes. Banks have also been especially advised to ensure the availability and distribution of small denomination notes.

Further, the states' chief secretaries have been requested to identify the rural pockets, if any, where availability of cash has been a problem and provide all support to the banks and post offices in order to ensure the last mile distribution of small denomination of notes is done through mobile banking vans and Banking Correspondents (BCs).

It has been reported that certain business houses such as hospitals, caterers, tent houses etc are not accepting cheques/demand drafts and online payment transfer from customers. It is advised that in such cases customer can make a complaint to the concerned District Magistrates/District Administration for action against such establishments, the ministry said.

The ministry said the Government of Assam has arranged mobile banking vans with support of banks and state government staff at certain hospitals for carrying out emergency banking transactions. All banks have now been advised to arrange mobile banking vans to the extent possible at major hospitals to carry out emergency banking transaction for patients.

Moreover, the banks have been advised to make arrangements for separate queues for senior citizens and Divyangs. Separate queues will also be arranged for exchange of cash to cash and transactions against bank accounts.

The Government of Arunachal Pradesh has made special arrangements like cash deposits /withdrawal and opening of new bank accounts in the remotely located areas with the help of banks and state government staff, said the ministry, adding that the state governments have been requested to facilitate opening of new bank accounts as a part of financial inclusion programme.

The Finance Ministry said the issuance of the Rs. 500 notes has already commenced. (ANI)

Bareilly (Uttar Pradesh) [India], July 22 (ANI): As many as 24 Kawariyas, four Indo Tibetan Border Police (ITBP) personnel and two police personnel were injured after a community pelted stones on the group of devotees of Lord Shiva in the Khallam village of Aliganj Thana region here.

Full Story >>

Puducherry [India], July 22 (ANI): The counselling for admission to MBBS through the government-run Centralised Admission Committee (CENTAC) was conducted on Saturday.

Full Story >>

New Delhi [India], July 22 (ANI): Bihar Chief Minister Nitish Kumar met Congress vice-president Rahul Gandhi at the latter's residence here on Saturday, in the backdrop of clouds of uncertainity hovering over the 'mahagathbandhan' in Bihar.

Full Story >>

Thiruvananthapuram (Kerala) [India], July 22 (ANI): Kerala Congress MLA M. Vincent, who was arrested on charges of rape, stalking and abetment of suicide of a 51-year-old woman, has blamed the Communist Party of India (Marxist) (CPM) for the indictment.

Full Story >>

AIU intercepts person with Narcotics kit at Mumbai airport

Updated: Jul 22, 2017 22:57 IST     

Mumbai (Maharashtra) [India], July 22 (ANI): Air Intelligence Unit (AIU) officers on Saturday intercepted a person over seizure of a Narcotics kit worth Rs. 2 crore at the Mumbai Airport.

Full Story >>

New Delhi[India], July 22 (ANI): Priya Singh Paul, who claims to be the biological daughter of late Congress leader Sanjay Gandhi, has filed a writ petition at the Bombay High Court against the Central Board of Film Certification (CBFC) and the makers of 'Indu Sarkar' to put a stay on the release of Madhur Bhandarkar's upcoming film.

Full Story >>

New Delhi [India], July 22 (ANI): Delhi's Patiala House Court on Saturday directed the Economic Offence Wing (EOW) of the Delhi Police to register an FIR against Star India Pvt. Ltd. (SIPL) and some of its top officials with others on a cheating complaint filed by Delhi-based Noida Software Technology Park Ltd (NSTPL).

Full Story >>

Kohima (Nagaland) [India], July 22 (ANI): Governor of Nagaland Padmanabha B. Acharya administered Oath of Office and Secrecy to ten Cabinet Ministers at a function held at Raj Bhavan's Durbar Hall here on Saturday.

Full Story >>

CBI to investigate Simla rape case

Updated: Jul 22, 2017 22:11 IST     

Shimla (Himachal Pradesh) [India], July 22 (ANI): The Central Bureau of Investigation (CBI) on Saturday registered and took over the investigation of a rape and murder case of a minor girl and another case relating to the custodial death of one of the accused arrested by the local police in connection with the investigation in Himachal Pradesh's Simla.

Full Story >>

New Delhi [India], July 22 (ANI): The Rashtriya Swayamsevak Sangh (RSS) on Saturday hit out at Congress vice-president Rahul Gandhi for cornering the Centre over the Jammu and Kashmir unrest and appealed for cooperation to resolve the issue.

Full Story >>

Delhi: Girl nabs phone snatcher, three arrested

Updated: Jul 22, 2017 21:28 IST     

New Delhi [India], July 22 (ANI): A 19-year-old girl, Lucky Malik, turned the tables on motorcycle-borne miscreants, who tried to snatch her mobile phone from Sector-5 Rohini in Delhi.

Full Story >>

One killed, six injured in AC compressor blast in Uttarakhand

Updated: Jul 22, 2017 21:18 IST     

Rudrapur (Uttarakhand) [India], July 22 (ANI): At least one person was killed and six labourers suffered injuries in an Air Conditioner compressor blast at a plywood factory in Uttarakhand's Rudrapur district on Saturday.

Full Story >>

New Delhi [India], July 22 (ANI): Congress president Sonia Gandhi on Saturday appointed former union minister Sushil Shinde and Ranjeet Ranjan as general secretary in-charge and secretary All India Congress Committee (AICC) respectively for Himachal Pradesh.

Full Story >>

Bhopal (Madhya Pradesh) [India], July 22 (ANI): After two students of Bhopal's National Law Institute University (NLIU) filed complaints with the University Grants Commission (UGC)'s anti-ragging helpline against their seniors of indulging in ragging, sexual abuse and alcohol consumption on the campus, university Proctor Rajiv Khare said that the Proctoral Board has started the probe.

Full Story >>

Patna (Bihar) [India], July 22 (ANI): After the Comptroller and Auditor General (CAG) flagged critical shortage of ammunition in the Indian Army, Bharatiya Janata Party (BJP) leader Shatrughan Sinha on Saturday stated that it's a sensitive issue, which should be spoken about and acted upon cautiously.

Full Story >>

New Delhi [India], July 22 (ANI): The Congress on Saturday slammed the Prime Minister Narendra Modi-led Central Government over the CAG report that highlighted the shortage of ammunition in the Indian Army, adding that the Centre is answerable for taking the security matter lightly.

Full Story >>

Truck kills child, injures two in Delhi

Updated: Jul 22, 2017 20:14 IST     

New Delhi [India], July 22 (ANI): At least one child was killed and two persons suffered injuries after they were hit by a truck on Saturday in Delhi's Jahangirpuri area.

Full Story >>

Gujarat floods: Indian Army rescues 35 stranded people

Updated: Jul 22, 2017 20:14 IST     

Gandhinagar (Gujarat) [India], July 22 (ANI): The Indian Army's Golden Katar Division personnel on Saturday rescued 35 people from flood in Surendranagar district's Kuda village and distributed food and medicines to aid the flood victims.

Full Story >>

Congress should take action, ensure Vincent resigns: CPM

Updated: Jul 22, 2017 20:03 IST     

New Delhi [India], July 22 (ANI): Following the Kerala Congress MLA M. Vincent's arrest on charges of rape, stalking and abetment of suicide of a 51-year-old woman, the Communist Party of India (Marxist) (CPM) on Saturday stated that the Congress should take disciplinary action against him and ensure that he resigns from his post.

Full Story >>

Mumbai: Activists take to streets in support of RJ Malishka

Updated: Jul 22, 2017 19:43 IST     

Mumbai (Maharashtra) [India], July 22 (ANI): After popular RJ Malishka was asked to pay a fine of Rs. 10,000 for defaming the Brihanmumbai Municipal Corporation (BMC) by posting a 'defamatory' video, a faction of activists on Saturday took to the streets as a mark of support to the former.

Full Story >>