Thu, Apr 27, 2017 | updated 06:58 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)

Siliguri (West Bengal) [India], Apr 27 (ANI): In a successful attempt, the Sashatra Seema Bal (SSB) 41battalion in a joint operation with the Preventive and Intelligence Siliguri unit detained a person who was trying to smuggle an 'Ashtadhatu' (metallic) idol along Indo-Nepal border.

Full Story >>

New Delhi [India], Apr 27 (ANI): Following Pakistan's denial of consular access to Kulbhushan Jadhav, defence experts have expressed strong feeling towards the possibility of the execution of the former Indian naval officer, adding that Pakistan does not honour its commitments towards international obligations.

Full Story >>

Increased vote share shows Delhi's belief in us: Cong

Updated: Apr 27, 2017 06:57 IST     

New Delhi [India], Apr 27 (ANI): Accepting its defeat in the Municipal Corporation of Delhi (MCD) polls, the Congress on Thursday said that increased vote share in their basket as compared to the last elections has proven that the people of Delhi believe in the ideology of the grand old party.

Full Story >>

BJP credits MCD polls clean sweep to PM Modi's credibility

Updated: Apr 27, 2017 06:30 IST     

New Delhi [India], Apr 27 (ANI): Owing their victory to Prime Minister Narendra Modi's credibility, the Bharatiya Janata Party (BJP) on Thursday said called on Delhi Chief Minister Arvind Kejriwal to start paying attention towards getting 'wise'.

Full Story >>

SC to hear WhatsApp Private Policy case today

Updated: Apr 27, 2017 06:30 IST     

New Delhi [India], Apr 27 (ANI): The Supreme Court on Thursday will hear the WhatsApp Privacy Policy case.

Full Story >>

SC to hear Sahara-SEBI refund case today

Updated: Apr 27, 2017 06:28 IST     

New Delhi [India], Apr 27 (ANI): The Supreme Court on Thursday will hear a case involving Sahara chief Subrata Roy and the Securities and Exchange Board of India (SEBI) over a dispute of returning money to its investors.

Full Story >>

SC to continue hearing plea challenging mandatory Aadhaar

Updated: Apr 27, 2017 06:28 IST     

New Delhi [India], Apr 27 (ANI): The Supreme Court will on Thursday continue hearing the plea challenging the government's move to make Aadhaar card mandatory.

Full Story >>

SYL Canal hearing n SC today

Updated: Apr 27, 2017 06:27 IST     

New Delhi [India], Apr 27 (ANI): The Supreme Court on Thursday will hear the Sutlej Yamuna Link (SYL) Canal matter.

Full Story >>

No credibility to former Taliban spokesperson's claim: India

Updated: Apr 27, 2017 00:46 IST     

New Delhi [India], April 27 (ANI): India on Wednesday shrugged off former Tehreek-e-Taliban Pakistan spokesperson Ehsanullah Ehsaan's claim that New Delhi and Afghanistan intelligence agencies gave funds and other assistance to Pakistani Taliban militants to fight Islamabad.

Full Story >>

Terror groups decide to wage 'United Jihad'

Updated: Apr 26, 2017 23:41 IST     

New Delhi [India], April 26 (ANI): Terrorist groups Lashkar-e-Taiba (LeT), Hizbul Mujahideen and Jaish-e-Mohammad (JeM) have got together for "United Jihad".

Full Story >>

Samba (Jammu and Kashmir), April 26 (ANI): Following the Jammu and Kashmir Government banning on 22 social networking sites, Deputy Chief Minister Nirmal Kumar Singh on Wednesday asserted that if social media is misused then the government needs to take steps for the betterment of the state and that is what it is doing now.

Full Story >>

Yogi Adityanath led-govt. transfers 84 IAS officers

Updated: Apr 26, 2017 22:31 IST     

Lucknow (Uttar Pradesh), April 26 (ANI): The Uttar Pradesh Government on Wednesday transferred 84 Indian Administrative Service (IAS) officers including 37 District Magistrates.

Full Story >>

Helicopter carrying CoBRA commandos crash-lands, five injured

Updated: Apr 26, 2017 22:00 IST     

Sukma (Chhattisgarh), April 26 (ANI): A helicopter carrying CoBRA commandos crash-landed at Chintagufa in Sukma district of Chhattisgarh on Wednesday.

Full Story >>

Kerala CM vehicle not to have red beacon

Updated: Apr 26, 2017 21:40 IST     

Thiruvananthapuram (Kerala) [India], Apr 26 (ANI): The Kerala cabinet on Wednesday decided to remove the red beacon from Chief Minister Pinarayi Vijayan's vehicle and other government owned vehicles too.

Full Story >>

MHA clarifies on reports over Sukma Naxal attack

Updated: Apr 26, 2017 21:40 IST     

New Delhi [India], Apr 26 (ANI): The Ministry of Home Affairs (MHA) on Wednesday issued a clarification on reports over the recent Sukma Naxal attack.

Full Story >>

EC says EVM's are tamper proof

Updated: Apr 26, 2017 21:12 IST     

New Delhi [India], April 26 (ANI): Delhi State Election Commissioner S. K. Srivastava on Wednesday said all Electronic Voting Machine's (EVM's) were tamper-proof and there was no doubt about the results in the Municipals polls.

Full Story >>

PM Modi to flag-off first UDAN flight under RCS tomorrow

Updated: Apr 26, 2017 20:51 IST     

New Delhi [India], Apr 26 (ANI): Prime Minister Narendra Modi will flag off the first UDAN flight under Regional Connectivity Scheme(RCS) on Shimla-Delhi sector tomorrow.

Full Story >>

New Delhi [India], Apr 26 (ANI): India has agreed to cooperate with Sri Lanka in developing world class road infrastructure in Jaffna region of Sri Lanka.

Full Story >>

UN Global Compact conference begins in Delhi

Updated: Apr 26, 2017 20:30 IST     

New Delhi [India], Apr 26 (ANI-Businesswire India): Today, the United Nations Global Compact kicked off its two-day event, bringing together over 300 leaders from business, finance, civil society, government and the UN in New Delhi for its regional flagship event Making Global Goals Local Business - India.

Full Story >>

10 Maoists killed, five injured in Sukma attack

Updated: Apr 26, 2017 20:23 IST     

Chhattisgarh (Sukma) [India], Apr 26 (ANI): As many as ten Maoists were killed and five injured in Chhattisgarh's Sukma district during a heavy exchange of fire two days ago, sources said.

Full Story >>