Limit of Rs 4,500 for exchange of old notes to be reduced to Rs 2,000 from tomorrow

Secretary, Department of Economic Affairs, Shaktikanta Das today in yet another briefing to media announced some more decision in relation to demonetization move. Key announcement is about existing limit of exchange which has been reduced to Rs 2000 from tomorrow compared to earlier one which was Rs 4500. Das said this decision has been taken to enable larger no. of people to exchange notes. Withdrawal of amount upto Rs 2,50,000 will be allowed for wedding ceremonies from account of either the couple getting married or their parents; a self-declaration will be required stating that the amount is being withdrawn from only one account.Other announcements are in connection with farmers and govt employees.