By Camp Bag/e-Mail
ELECTION COMMISSION OF INDIA
Nirvachan Sadan, Ashoka Road, New Delhi-l10001
No. 7 6/ECVINS T/FLTNC/EEM/EE p S I 20
L7
/Vo l.
VIr
Dated:
3
I't January, 2Ol7
To,
The Chief Electoral Offlrcers
1. Goa
of
2. Manipur
3. Punjab
4. Uttarakhand
5. Uttar Pradesh
Subject: Cash withdrawal limits from banks for candidates contesting elections
Punjab, Manipur, Uttarakhand and Uttar pradesh_ reg.
in Goa,
Sir/Madam,
I
am directed to refer to the Commission's letter No.76llnstru ctions/2013/EEpS/Vol.
IV dated 15th oct., 2016 regarding opening of separate bank account for election expenditure
by the candidates and also to forward RBI Notification No. RBI/2016-I7:ZT7 dated
30.01'2017 (copy enclosed) regarding the removal of cash withdrawal limits for current
accounts.
In view of the same, you are requested to direct the DEOs to facilitate the opening of
current accounts for candidates who have not done so yet and where savings accounts have
been opened, help in transitioning the same to current accounts to enable them to rnake
withdrawals to incur election related expenses as per the directions of the Commission.
You are requested to bring this to the notice of all political parties, candidates, DEOs,
ROs, Expenditure Observers and all the bank officials concemed immediately.
Kindly acknowledge the receipt of this letter.
Yours faithfully,
W*lt^
(Vikram Batra)
Director (Election Expenditure)
RBlt2016-17t217
DCM (Plg) No. 2905/1 0 .2T.OOtzO16-17
January 30,2017
The Chairman / Managing Director / Chief Executive Officer,
Public Sector Banks / private Sector Banks / Foreign Banks,
Regional Rural Banks / Urban Co-operative Banks,
State co-operative Banks / District central co-operative Banks
Dear Sir/Madam,
Limits on Cash withdrawals from Bank accounts and ATMs - Restoration of status
quo ante
Please refer to our circular DCM (Plg) No.1226110 .27.00]2016-17 dated
November OB, 2016
placing limits
on
Cash withdrawals from bank accounts and ATMs in the wake of
withdrawal of Legal Tender Character of Specified Bank Notes (SBN) and
subsequent
circulars DCM (Plg) Nos.1256, 1274,1217,1437,2142and2559 dated November 11,14,
21, December 28,30, 2016 and January 16,2017 respectively, providing for relief and
relaxations therefrom.
2'
On a review of the pace of remonitisation, it has been decided to partially restore
status quo ante as under:
i.
Limits placed vide the circulars cited above on cash withdrawals from Current
accounts/ Cash credit accounts/ Overdraft accounts stand withdrawn with immediate
effect.
ii.
The limits on Savings Bank accounts will continue for the present and are under
consideration for withdrawal in the near future.
iii.
Limits vide the circulars cited above placed on cash withdrawals from ATMs stand
withdrawn from February 01,2A17. However, banks may, at their discretion, have
their own operating limits as was the case before November 8,2016, subject to 2 (ii)
above.
3. Further, banks are urged to encourage their constituents to sustain the movement towards
digitisation of payments and switching over of payments from cash mode to non-cash
mode.
4. Please acknowledge receipt.
Yours faithfully,
(P Vijaya Kumar)
Chief General Manager