The RBI on Monday increased the withdrawal limit to Rs 10,000 per day. The existing withdrawal limit was kept at Rs 4,500 per day since Prime Minister Narendra Modi announced note ban on 8 November last year.
Limit on withdrawal from current accounts has been enhanced from current limit of Rs 50,000 per week to Rs 1 lakh per week.
There hasn’t been any news on the weekly withdrawal limit in savings account. This limit is currently set to Rs 24,000 per week.
West Bengal Chief Minister Mamata Banerjee described the decision as an “eyewash.”
“Government eye wash announcement. Money not available in banks. All restrictions should be withdrawn immediately #DeMonetisation,” Banerjee said in a tweet today.
Banerjee, who has been opposing demonetisation and demanding its rollback since the beginning, had participated in a protest dharna in Delhi besides holding protest meetings in Lucknow and Patna.