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Breaking: RBI hikes ATM, Current Account withdrawal limits

The RBI on Monday hiked the daily ATM withdrawal limit from Rs 4,500 to Rs 10,000 and the weekly Current Account withdrawal limit from Rs 50,000 to Rs 1 lakh.

Further, Limit on withdrawal from current accounts has been enhanced from current limit of Rs 50,000 per week to Rs 1 lakh per week.

The withdrawals from ATMs will be operative within the existing overall weekly limit of Rs 24,000, a Reserve Bank of India communique said.

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