Time to get a little happy guys, after all the misery that we’ve been through, post PM Modi’s demonetization move, of standing in ATM lines for hours and getting mere 2,000 bucks out, finally the limit that was increased to Rs 4,500 has now been raised to a wholesome amount of Rs 10,000 per card!
The weekly limit of Rs 24,000 remains unchanged, but the good bit is that now you need not stand in line everyday for little amount of cash as a big round figure of Rs 10,000 can be withdrawn in one go!
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Limits of access to cash were declared on November 8 when Prime Minister Narendra Modi made the shocking announcement that 500 and 1,000 rupee notes would be illegal tender just a few hours later. The demonetisation drive, he said, would check tax evasion, corruption and counterfeiting.
Now since the scarcity of notes has decreased, our PM is working towards making things better for us. At least now standing in line for an hour will be worth it, and you won’t be returning with peanuts!
Good going Mr. Modi!
Sourced via NDTV