The Reserve Bank of India (RBI) has eased the caps on withdrawals from automated teller machines (ATM) with immediate effect. Now, customers will be allowed to withdraw up to Rs10,000 per day per card compared to the earlier Rs4,500.

These enhanced cash withdrawal limits will be within the weekly cap of Rs24,000, the central bank said. The central bank has also enhanced cash withdrawal limits for current accounts to Rs1 lakh from Rs50,000 earlier.The limits are applicable to overdraft and cash credit accounts too, it said.

Following demonetization of old Rs500 and Rs1,000 notes on 8 November, limits had been imposed on withdrawal of cash from banks as well as ATMs.

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