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> I think this withdrawal limit is too low and would inconvenience lot of folks

Yup. If someone needs to pay for medical emergencies, they will suddenly have to ask for help from lot of people.

Or use a credit card. When I had my back surgery a few years back, I just swiped for 1.2 lac. Of course, most people don't have a CC with that high a limit...

> Of course, most people don't have a CC with that high a limit

In India, no body has a CC, even debit card is only 22%

In India, it is mostly the poor who don't have CC. Every upper class person has multiple CCs and most of the middle class, specially those in the age of 20-40 have atleast one CC. People may keep just one debit card but they do keep multiple CCs. And now even the poor have bank accounts and many have debit cards.

Hospitals and pharmacies are accepting the older bills for a longer window.

Nobody has that kind of cash at home, if some emergency comes tomorrow they will have to go to the ATM which will won't work, or banks which will be closed. Tomorrow and day after will be a bad day for people having emergencies unless hospitals are free of cost.

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