RBI vide its circular dated 13.11.2016 has increased the limit for exchange of Specified Bank Notes, over the counter from the existing Rs. 4000/- to Rs. 4500/-.
The daily limit on withdrawal from ATMs has also been increased from the existing Rs. 2000/- to Rs. 2500/- per day in the recalibrated ATMs, other ATMs will continue to dispense Rs. 50 and Rs. 100 bank notes until they are re-calibrated. The weekly limit of Rs. 20000/- for withdrawal from bank accounts has also been increased to Rs. 24000/- and the daily limit of Rs. 10000/- per day stands withdrawn.
For more details, please refer the attached circular.