People welcome hike in withdrawal limit

New Delhi/Noida, Jan 16: People on Monday welcomed the RBI’s move to raise the ATM withdrawal limit from Rs 4,500 to Rs 10,000, saying it would ease the overall situation as they would not have to queue up for money frequently. The Reserve Bank of India (RBI) earlier in the day hiked the daily ATM withdrawal limit from Rs 4,500 to Rs 10,000 and doubled the weekly Current Account withdrawal limit to Rs 1 lakh. “Since the time demonetisation was announced, I have had to queue up many a time as the upper limit was just Rs 2,500 initially and later it was raised to Rs 4,500,” a Mayur Vihar resident told IANS. “Now, I can withdraw Rs 10,000 in one go. It’s a great move as the fincial situation will get much better,” he added. (IANS)