Automated Teller Machines (ATMs) have become an integral part of our daily lives as they automate Financial Transaction services which would usually take longer to dispense cash. As with any other banking service, there are daily caps on cash withdrawals. These caps are put in place for security concerns and to help cash flow management, and can vary widely from one bank to another or from one debit card to another.
If you hold an account with the State Bank of India (SBI), the daily ATM withdrawal limits are usually from ₹40,000 for classic and maestro debit cards, scaling up to ₹1,00,000 with the Platinum International Debit Cards. Other cards like the SBI Global International Debit Card usually sit at the ₹40,000 to ₹50,000 range.
With HDFC Bank, there is a tiered structure based on card types. For example, debit cards and the Woman’s Advantage Card have a daily limit of upto ₹25,000. On the other hand, Platinum chip debit cards offer upto ₹1,00,000 cash withdrawal daily and even higher limits are available for other premium cards.
Generally speaking, Punjab National Bank (PNB) caps limit starting from ₹25,000 for Classic debit cards, rising to ₹50,000 for Gold and going up to ₹1,50,000 for premium cards like Platinum or Signature versions across RuPay and Mastercard.
ICICI Bank offers varying daily withdrawal limits. Premium cards like the Platinum or Titanium Debit Cards offer limits of up to \(\text{₹}1,00,000\). Some elite cards, such as the Sapphiro Debit Card, have significantly higher daily withdrawal capabilities, potentially up to \(\text{₹}2,50,000\).
As with most policies, these limits represent a baseline. Factors such as the age of the account, type of account (savings or current), and the bank’s internal rules will all have a say. To confirm the daily ATM withdrawal limit, the simplest and most reliable method is to contact the respective bank using their mobile application, net banking portal, or customer support. A lot of banks also provide a facility to increase daily withdrawal limits, permanently or temporarily, depending upon their banking relationship and requirements.
Read More: Major Relief for Taxpayers: ITR Filing Deadline Extended to September 15 for FY 2024-25
As with most policies, these limits represent a baseline. Factors such as the age of the account, type of account (savings or current), and the bank’s internal rules will all have a say. To confirm the daily ATM withdrawal limit, the simplest and most reliable method is to contact the respective bank using their mobile application, net banking portal, or customer support. A lot of banks also provide a facility to increase daily withdrawal limits, permanently or temporarily, depending upon their banking relationship and requirements.
Read More: Major Relief for Taxpayers: ITR Filing Deadline Extended to September 15 for FY 2024-25
