The country’s largest lender SBI will limit cash withdrawals from ATMs to Rs 20,000 per day for certain debit card holders from October 31. The limit will be applicable to the Classic and Maestro variants of SBI debit cards, while those who want to withdraw more can apply for a higher variant card. Most banks today have certain limits on ATM cash withdrawal in place for their customers. These cash withdrawal limits vary from bank to bank and depend upon factors such as the type of account and type of card.
ICICI Bank has placed a cash withdrawal limit of Rs. 1,00,000 per day on ATM transactions using its platinum identity chip debit card. On ICICI signature debit card, the withdrawal limit is Rs 1,50,000 per day.
HDFC Bank allows cash withdraws up to Rs. 1 lakh per day from ATMs using its platinum chip debit card.
Axis Bank allows cash withdrawals up to Rs. 40,000 per day on ATM transactions using its RuPay platinum debit card. A limit of Rs. 50,000 per day is applicable to ATM transactions using the bank’s visa titanium prime plus and secure plus debit cards.
Punjab National Bank:
PNB allows cash withdrawals up to Rs. 50,000 per day from ATMs using its platinum and RuPay debit cards. A limit of Rs. 25,000 per day is applicable to ATM transactions using its classic RuPay and Master debit cards, according to PNB.