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Watch | Govt eases cash withdrawal norms for farmers, traders, weddings; drops cash exchange to Rs 2000 from Rs 4500: Top highlights

Economic Affairs Secretary Shaktikanta Das On Thursday Announced A Slew Of Readjustments In Cash Withdraw Limits And Cash Exchange Amounts.

News Nation Bureau | Edited By : Arshi Aggarwal | Updated on: 17 Nov 2016, 03:57:10 PM

New Delhi:

Economic Affairs Secretary Shaktikanta Das on Thursday announced a slew of readjustments in cash withdraw limits and cash exchange amounts.  

The Department of Economic Affairs has been regularly updating rules and information related to demonetisation process across India. In the last brief on Tuesday, Shanktikanta Das had announced the introduction of indelible ink marks to ensure no repeat customers for cash exchange in banks. 

Here are the highlights from his presser on Thursday: (Read full coverage of his press conference)

#Traders registered with APMC markets will be permitted to draw Rs 50000 per week; accounts need to be KYC compliant: Shaktikanta Das

#Central govt employees up to group C can draw salary advance up to Rs 10,000 in cash that'll be adjusted against their Nov salaries: S Das

#Task Force held a meeting and a road map has been formed to re-calibrate all ATMs; sure that it will be done soon: Shaktikanta Das

#One member of the family, be it father or mother can withdraw upto Rs 2.5 lakhs for a wedding: Economic Affairs Secretary Shaktikanta Das

#For over the counter exchange of old Rs 500/1000 notes, with effect from Nov 18, Rs 4,500 limit will be reduced to Rs 2000: Shaktikanta Das

#For wedding ceremonies, upto Rs 2.5 lakh can be withdrawn from the bank account which are KYC compliant: Shaktikanta Das

#Govt has decided that time limit in crop insurance premium cases will be extended by 15 days: Shaktikanta Das

#Govt decides that farmers can withdraw Rs 25000 per week from a/c whre farmers receive either by cheque or which is credited by RTGS a/c-Das

Also read: 

Indelible ink marks for cash exchange to weed out repeat customers: Top quotes from Economic Affairs Secy’s brief

Watch | Micro ATMs to be installed, daily cash limit removed, weekly limit set to Rs 24000: Economic Affairs Secy

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First Published : 17 Nov 2016, 11:11:00 AM