Monthly Withdrawal Limit for PMJDY Account if KYC Rs. 10000 Non KYC 5000

After sudden increase in cash depoit in Jan -Dhan-accounts of poor persons amounting Rs. 73000 cr, RBI has fixed the withdrwal limit from such account. 5000/- per month for non-kyc compliant accounts 10000/- for kyc compliant accounts which can be further extented by Bank manager after genuiness of customer. Below is RBI Circular:   RBI/2016-17/165 DCM (Plg) No. 1450/10.27.00/2016-17 November 29, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks/ District Central Cooperative Banks Dear Sir, Accounts under PMJDY - Precautions Please refer to our circular DCM (Plg) No.1424/10.27.00/2016-16 dated November 25, 2016 on Withdrawal of cash Weekly limit. With a view to protect the innocent farmers and rural account holders of PMJDY from activities of money launders and legal consequences under the Benami Property Transaction & Money Laundering laws, it has been decided to place certain limits, as a matter of precaution, on the operations in the PMJDY accounts funded through deposits of Specified Bank Notes (SBNs) after November 09, 2016. As a temporary measure, the banks are advised to observe the following in respect of the PMJDY accounts: Fully KYC compliant account holders may be allowed to withdraw 10,000/- from their account, in a month. The branch managers may allow further withdrawals beyond 10,000 within the current applicable limits only after ascertaining the genuineness of such withdrawals and duly documenting the same on banks record. Limited or Non KYC compliant account holders may be allowed to withdraw 5,000 per month from the amount deposited through SBNs after November 09, 2016 within the overall ceiling of 10,000. Yours faithfully, (P Vijaya Kumar) Chief General Manager