SBI to limit ATM withdrawals from October 31; here's how much you money you can withdraw
6 years, 5 months ago

SBI to limit ATM withdrawals from October 31; here's how much you money you can withdraw

India TV News  

The country's largest lender SBI will limit cash withdrawals from ATMs to Rs 20,000 per day for certain card holders from October 31, according to a communication. "Daily cash withdrawal limit for Classic and Maestro debit cards has been reduced from Rs 40,000 to Rs 20,000 per day with effect from October 31. If you require higher daily cash withdrawal limit, please apply for a higher card variant," SBI said in an information for debit card holders on its website. SBI Managing Director PK Gupta told PTI that the move intends to protect customers from fraudulent cash withdrawals from ATMs and also to spur more digital transactions.

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