ATM withdrawal limit hike 'eyewash', says Mamata

Kolkata, Jan 16
West Bengal Chief Minister Mamata Banerjee on Monday dubbed as an "eyewash announcement" the hike in daily ATM withdrawal limits announced by the RBI and demanded all restrictions be lifted.

She maintained money is not available in banks.

"Government eye wash announcement. Money not available in banks. All restrictions should be withdrawn immediately," tweeted Banerjee, also the Trinamool Congress supremo.

The RBI hiked the daily ATM withdrawal limit from Rs 4,500 to Rs 10,000 and doubled the weekly Current Account withdrawal limit to Rs 1 lakh.

The withdrawals from ATMs will be operative within the existing overall weekly limit of Rs 24,000, a Reserve Bank of India communique said.