Millennium Post

Mamata , Rahul and Chidambaram questions restrictions on cash withdrawal

"Modi Babu, public are not beggars. Why are there still restrictions on cash withdrawal?," Banerjee asked in a statement.

"50 days are now over. How can you take away the rights of citizens to withdraw their own hard-earned money ? A government just cannot snatch away people's economic rights," she said.

The Reserve Bank of India said last night that cash withdrawal limit from ATMs would be increased to Rs 4,500 per day from the current Rs 2,500 from January 1.

There has been no change in the weekly withdrawal limit, which stands at Rs 24,000, including from ATM, for individuals and Rs 50,000 for small traders.

Also, Congress Vice President Rahul Gandhi on Saturday took on Prime Minister Narendra Modi over demonetisation and demanded removal of the weekly cash withdrawal limit with immediate effect.

Former Finance Minister P. Chidambaram also targeted the Prime Minister asking the Centre why restrictions continued on withdrawing money after the December 30 deadline.

"Destroyed in the last 50 days: trust in the Prime Minister's word. Weekly cash withdrawal limits must go," Gandhi tweeted.

The Congress leader posted a picture demanding that Modi compensate for the loss suffered due to his move.

Gandhi demanded that the Centre give a compensation of Rs 25,000 to below poverty line families.

He also said that income tax and sales tax rebate of 50 per cent should be given to small shopkeepers and businessmen.

Targeting the Prime Minister, Chidambaram in a series of tweets said: "Prime Minister asked for forbearance until December 30. That is over. Why are restrictions on withdrawing money continuing?"

"Will all ATMs be functional and have sufficient cash from January 2? If not, why not?" he questioned.

"Will there be no demand hereafter for black money capitation fee for admission to medical and engineering colleges," the Congress leader asked.

"Will no bribes be given or taken after January 2?" he wondered.

Modi announced demonetisation of high value currency notes on November 8, and subsequently sought 50 days to put things in order.

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