You can now withdraw more money at banks, ATMs
The Finance Ministry has launched the new Rs. 500 notes and you can now withdraw up to Rs 2,500 from ATMs. You can also exchange money of up to Rs. 4,500 every day.
The government has also told banks to take away the daily withdrawal limit of Rs. 10,000 and increase the weekly withdrawal limit from Rs. 20,000 to Rs. 24,000.
Banks will also ensure there are separate queues for senior citizens and people with disabilities.
The Reserve Bank of India has asked people to not withdraw cash repeatedly and store it. Huge security has been placed outside many banks and ATMs to manage crowds. In Delhi, over 3,000 paramilitary personnel and Delhi Police were placed at ATMs and banks.