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 type of account and type of card.
State Bank of India (SBI) SBI has slashed the daily withdrawal limit from ATMs to Rs 20,000 for its classic debit card, according to news agency Press Trust of India. Rs 20,000 This revised limit on SBI’s classic debit card will take effect from October 31. There is no change in the daily withdrawal limits on other SBI cards, according to Press Trust of India. For SBI’s platinum card, an ATM cash withdrawal limit of Rs 1,00,000 per day is applicable, according to the SBI portal.
ICICI Bank has placed an cash withdrawal limit of Rs 1,00,000 per day on ATM transactions using its platinum identity chip debit card, according to the bank’s website. In case of its visa signature debit card, a limit of Rs 1,50,000 per day is applicable on ATM withdrawals, according to ICICI Bank.