Limits on Cash withdrawals From Current Accounts & ATMs Withdrawn: Limits On Savings Accounts To Continue [Read Notification]
8 years, 2 months ago

Limits on Cash withdrawals From Current Accounts & ATMs Withdrawn: Limits On Savings Accounts To Continue [Read Notification]

Live Law  

Reserve Bank Of India has withdrawn the limits on cash withdrawals from Current accounts/ Cash credit accounts/ Overdraft account and ATMs with Immediate Effect.As per the circular the limits on Savings Bank accounts will continue for the present and are under consideration for withdrawal in the near future.The limits were imposed on 8th November, 2016 in the wake of withdrawal of. Reserve Bank Of India has withdrawn the limits on cash withdrawals from Current accounts/ Cash credit accounts/ Overdraft account and ATMs with Immediate Effect. As per the circular the limits on Savings Bank accounts will continue for the present and are under consideration for withdrawal in the near future. The limits were imposed on 8th November, 2016 in the wake of withdrawal of Legal Tender Character of Specified Bank Notes “Limits vide the circulars cited above placed on cash withdrawals from ATMs stand withdrawn from February 01, 2017.

Bank Limits Accounts Current Accounts Cash Withdrawal Cash Withdrawals  bank  atms  read  continue  2016  notification  savings  withdrawn  accounts  current  cash  withdrawal  wake  withdrawals  limits

History of this topic

ATM charges hiked by ₹2 to ₹23 per withdrawal beyond free monthly usage from May 1
4 days, 11 hours ago

ATM charges hiked by ₹2 to ₹23 per withdrawal beyond free monthly usage from May 1

Live Mint  

ATM charges from May 1: The Reserve Bank of India on Friday, March 28, permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by ₹2 to ₹23 per transaction from May 1, 2025. "Beyond the free transactions, a customer may be charged a maximum fee of ₹23 per transaction. The RBI has issued various instructions …

New India Co-op Bank depositors get relief as RBI allows Rs 25,000 withdrawal
1 month, 1 week ago

New India Co-op Bank depositors get relief as RBI allows Rs 25,000 withdrawal

India Today  

The Reserve Bank of India on Monday eased restrictions on New India Co-operative Bank Limited, allowing depositors to withdraw up to Rs 25,000 from their accounts starting February 27. The bank had been under RBI’s All Inclusive Directions since February 13, which barred any withdrawals from savings, current, or other deposit accounts. “With the above relaxation, more than 50% of …

RBI circular on ₹2000 currency notes withdrawal: Read full text here
1 year, 10 months ago

RBI circular on ₹2000 currency notes withdrawal: Read full text here

Hindustan Times  

The Reserve Bank of India on Friday withdrew ₹2,000 currency notes from circulation and urged holders to deposit the notes by September 30. 2000 ₹ Currency Note withdrawn Read the RBI circular on withdrawal of ₹ 2000 The 2000 denomination banknote was introduced in November 2016 under Section 24 of RBI Act, 1934, primarily to meet the currency requirement of …

BREAKING | RBI Will Withdraw ₹2000 Notes From Circulation But They Will Continue As Legal Tender
1 year, 10 months ago

BREAKING | RBI Will Withdraw ₹2000 Notes From Circulation But They Will Continue As Legal Tender

Live Law  

The Reserve Bank of India today announced that it will withdraw ₹2000 notes from circulation. However, the currency will continue as Legal Tender.As per RBI, this denomination is not commonly used for transactions.People may deposit ₹2000 banknotes into their bank accounts and/or exchange them into banknotes of other denominations at any bank branch, RBI said. People may deposit ₹2000 banknotes …

RBI imposes restrictions, withdrawal caps on 4 banks. Details here
2 years, 8 months ago

RBI imposes restrictions, withdrawal caps on 4 banks. Details here

Live Mint  

The Reserve Bank of India on Friday imposed various restrictions on on four cooperative banks. The central ban k of India has imposed restriction keeping note of deteriorating financial positions of these four co-operative banks. The four banks being put under restrictions by the RBI are are Ramgarhia Co-operative Bank, New Delhi; Sahebrao Deshmukh Co-operative Bank, Mumbai; Sangli Sahakari Bank, …

RBI Imposes Restrictions, Withdrawal Caps On Four Cooperative Banks. Check Details
2 years, 8 months ago

RBI Imposes Restrictions, Withdrawal Caps On Four Cooperative Banks. Check Details

ABP News  

Mumbai: The Reserve Bank on Friday imposed several restrictions, including a cap on withdrawals for the depositors, on four cooperative banks for six months given their deteriorating financial positions. The banks on which restrictions or directions under the Banking Regulation Act, 1949 have been imposed are Ramgarhia Co-operative Bank, New Delhi; Sahebrao Deshmukh Co-operative Bank, Mumbai; Sangli Sahakari Bank, Mumbai; …

SBI ATM Rules: How Many Free Cash Withdrawals Allowed in a Month? Know Limit, Charges
2 years, 9 months ago

SBI ATM Rules: How Many Free Cash Withdrawals Allowed in a Month? Know Limit, Charges

News 18  

The country’s largest lender State Bank of India offers five free transactions for customers maintaining a monthly balance of up to Rs 1 lakh at its ATMs in Delhi, Kolkata, Mumbai, Chennai, Bengaluru and Hyderabad. SBI charges Rs 10 to withdraw money from the bank’s ATM beyond the free limit, while it levies Rs 20 for financial transactions from other …

RBI relaxes rules on current account opening after deadline ends
3 years, 5 months ago

RBI relaxes rules on current account opening after deadline ends

Live Mint  

Mumbai: The Reserve Bank of India on Thursday eased some of the requirements of its current account guidelines for banks issued last year, allowing them to open credit facilities for state-run companies without any restrictions. According to the revised rules released by RBI, banks can open current accounts of all financial institutions, including NABARD, National Housing Bank, Exim Bank and …

RBI relaxes current account norms, extends deadline to implement new rules. Check details
3 years, 7 months ago

RBI relaxes current account norms, extends deadline to implement new rules. Check details

India TV News  

The Reserve Bank of India on Wednesday issued guidelines for the implementation of the circular on the opening of current accounts by banks. The central bank has given banks time until October end to implement the new rules on current accounts issued in 2020. In the case of borrowers who have not availed of the CC/OD facility from any bank, …

SBI ATM Cash Withdrawal Rules, Charges to Change from Next Month. Details Here
3 years, 9 months ago

SBI ATM Cash Withdrawal Rules, Charges to Change from Next Month. Details Here

News 18  

Starting from next month, State Bank of India is all set to change the rules and charges for cash withdrawals from its ATMs and bank branches. Know new rules 1) The changes will be applicable for SBI Basic Savings Bank Deposit account holders. Touted as zero balance savings account, SBI Basic Savings Bank Deposit account is meant for poorer sections …

ATM cash withdrawal fee hiked: Banks to charge Rs 21 per transaction beyond free limit
3 years, 9 months ago

ATM cash withdrawal fee hiked: Banks to charge Rs 21 per transaction beyond free limit

India TV News  

The Reserve Bank of India has allowed the banks to hike the fee charged on cash withdrawal beyond the permitted free ATM transaction limit from Rs 20 to Rs 21 per transaction, with effect from January 1, 2022. Beyond the free transactions, the ceiling/cap on customer charges is Rs 20 per transaction. "To compensate the banks for the higher interchange …

SBI Alert: State Bank of India to revise rules for ATM cash withdrawal, chequebook charges from THIS date
3 years, 9 months ago

SBI Alert: State Bank of India to revise rules for ATM cash withdrawal, chequebook charges from THIS date

India TV News  

SBI Customer Alert: India's largest lender, State Bank of India is all set to revise the service charges for SBI Basic Savings Bank Deposit account holders. Cash withdrawal at SBI ATMs: The service charges will be recovered beyond four free cash withdrawals, including withdrawal at the ATM and Branch. The new service charge beyond four free withdrawals will be Rs …

SBI Rule Change: Cash Withdrawal from ATM to Cheque Books, Check New Charges
3 years, 10 months ago

SBI Rule Change: Cash Withdrawal from ATM to Cheque Books, Check New Charges

News 18  

India?s largest public sector bank, the State Bank of India has introduced new rules for cash withdrawal at its branches and ATMs. As per the official notification issued by the bank, the new rules will be applicable for Basic Savings Bank Deposits account holders of SBI, and will come into effect from July 1, 2021. For every additional cash withdrawal, …

Cash withdrawal from wallets; RTGS for non-banks: Key RBI Monetary Policy announcements
3 years, 11 months ago

Cash withdrawal from wallets; RTGS for non-banks: Key RBI Monetary Policy announcements

Live Mint  

To encourage non-bank financial institutions such as mobile wallets and payments banks, Reserve Bank of India announced a host of changes in its monetary policy on Wednesday. From extending the National Electronic Funds Transfer and Real-Time Gross Settlement facilities to non-bank payment system operators to hiking the maximum end of day balance for payment banks, here are the key announcements …

Bank of Baroda rolls back cash deposits, withdrawals charges after public outcry
4 years, 4 months ago

Bank of Baroda rolls back cash deposits, withdrawals charges after public outcry

India TV News  

Cash Deposits, Withdrawals Charges: Days after announcing new changes in the cash deposits, withdrawals charges, Bank of Baroda on Tuesday withdrew it with immediate effect and said it would not charge for basic banking services following a public outcry. “We refer to our circular No.HO: BR: 112:393 dated 29.09.2020 regarding revision of Cash related service charges related to basic services …

SBI Extends OTP-Based ATM Withdrawal Throughout the Day
4 years, 6 months ago

SBI Extends OTP-Based ATM Withdrawal Throughout the Day

The Quint  

To reinforce ATM security system, lending major State Bank of India on Tuesday, 15 September, has extended its OTP-based cash withdrawal for Rs 10,000 and above throughout the day. OTP-based cash withdrawal for Rs 10,000 can now be carried out throughout the day across all SBI ATMs in the country starting 18 September. "For withdrawing Rs 10,000 and above, SBI …

SBI to change ATM cash withdrawal rules from September 18. Know details
4 years, 6 months ago

SBI to change ATM cash withdrawal rules from September 18. Know details

Live Mint  

India's biggest bank SBI is extending OTP-based cash withdrawal for ₹ 10,000 and above throughout the day across all SBI ATMs in the country. For safeguarding customers, SBI had introduced OTP based cash withdrawals of above ₹10,000 between 8 PM – 8 AM through SBI ATMs from January 1, 2020. "With the introduction of 24x7 OTP-based cash withdrawal facility, SBI …

Microfinance institutions ask RBI for exemption from overdraft restrictions
4 years, 6 months ago

Microfinance institutions ask RBI for exemption from overdraft restrictions

Deccan Chronicle  

Chennai: Microfinance institutions have requested the Reserve Bank of India to exempt them from restrictions on current account and overdraft facility extended by banks as the new guidelines would create operational difficulties for them. The RBI had restricted banks from opening current accounts for customers who have availed cash credit or overdraft facilities. Though loan disbursements of MFIs are through …

Insufficient balance: How much SBI will charge for failed ATM transaction
4 years, 7 months ago

Insufficient balance: How much SBI will charge for failed ATM transaction

Live Mint  

State Bank of India has revised its ATM withdrawal rules with effect from 1 July. As per the information available on the official website of the State Bank of India sbi.co.in, in metro cities, SBI allows 8 free transactions to its regular savings account holders to transact in a month. The bank allows its customers maintaining an average balance of …

SBI new ATM withdrawal rules: Transaction limits, charges and other details
4 years, 8 months ago

SBI new ATM withdrawal rules: Transaction limits, charges and other details

Live Mint  

State Bank of India has revised its ATM withdrawal rules with effect from 1 July. In view of the coronavirus pandemic, SBI had waived service charges for all ATM transactions made on SBI ATMs as well as other bank ATMs on account of exceeding free number of transactions. "In view of the announcement made by Finance Minister on 24th March, …

PMC Bank: RBI extends restrictions for 6 months; withdrawal limit now ₹1 lakh
4 years, 9 months ago

PMC Bank: RBI extends restrictions for 6 months; withdrawal limit now ₹1 lakh

Live Mint  

The Reserve Bank of India on Friday extended restrictions on the beleaguered Punjab and Maharashtra Co-operative Bank for another six months to 22 December, 2020. However, RBI has enhanced the withdrawal limit for the bank's depositors to ₹1 lakh from the existing ₹50,000. "Further, the extent of the negative net worth of the bank, and the legal processes involved in …

RBI bars People's Co-operative Bank from granting fresh loans, accepting deposits for 6 months
4 years, 9 months ago

RBI bars People's Co-operative Bank from granting fresh loans, accepting deposits for 6 months

India TV News  

The Reserve Bank of India on Thursday said it has barred Kanpur-based People's Co-operative Bank from granting fresh loans and accepting deposits for six months, due to its weak financial position. The RBI also said no withdrawal of amount of a depositor will be allowed from the co-operative bank. "As from the close of business on June 10, 2020, the …

No Charge On ATM Withdrawals For 3 Months ; Complete Waiver Of Minimum Balance Charge : Finance Ministry
5 years ago

No Charge On ATM Withdrawals For 3 Months ; Complete Waiver Of Minimum Balance Charge : Finance Ministry

Live Law  

As a part of relief measures announced in view of COVID-19 lockdown, the Union Finance Minister Nirmala Sitharaman on Tuesday announced complete waiver of minimum balance charges for savings bank accounts for next three months.Also, debit card holders who withdraw cash from any bank ATM can do it free of charge for the next three months. As a part of …

Security tightened at Yes Bank branches, ATMs in Mumbai as depositors rush to withdraw money
5 years ago

Security tightened at Yes Bank branches, ATMs in Mumbai as depositors rush to withdraw money

India TV News  

As Yes Bank depositors rush to ATMs on Friday to withdraw cash a day after it was put under a moratorium, security at its branches, ATMs, headquarters across Mumbai was tightened to avert any untoward incident. The RBI has capped a withdrawal limit of Rs 50,000 as Yes Bank's faces capital crunch. During the day, account-holders rushed to branches of …

For SBI account holders, 3 things that change from today
5 years, 3 months ago

For SBI account holders, 3 things that change from today

Live Mint  

From today, 1st January 2020, few rules are changing for State Bank of India. In an attempt to improve customer experience, SBI is making some changes in its services like OTP-based ATM transactions, upgradation to EMV chip debit card, and reduction in its external benchmark based rate resulting in cheaper home loans. Let's take a look at what will change …

Important news for SBI cardholders! Bank introduces OTP-based cash withdrawal system. Get details here
5 years, 3 months ago

Important news for SBI cardholders! Bank introduces OTP-based cash withdrawal system. Get details here

India TV News  

In recent times, many cases of unauthorized transactions on account of skimmed/cloned cards were registered that led to fraud. To minimise the number of unauthorized transactions happening on ATMs, the State Bank of India has decided to introduce the OTP-based cash withdrawal system. The bank on its official Twitter handle posted a tweet, "Introducing the OTP-based cash withdrawal system to …

Bank ATM cash withdrawal: RBI announces new guidelines on ATM transactions. Check out
5 years, 3 months ago

Bank ATM cash withdrawal: RBI announces new guidelines on ATM transactions. Check out

India TV News  

Bank ATM Transaction: In a move to put a curb on the increase in fraud in ATM cash withdrawals and ensure its safety, the Reserve Bank of India on Thursday announced new guidelines on ATM transactions. In its bi-monthly “Statement on Developmental and Regulatory Policies”, the central bank noted that several banks and other regulated entities depend on third-party application …

PMC Bank scam: RBI increases withdrawal limit to Rs 50,000 per account; over 78% of depositors covered
5 years, 4 months ago

PMC Bank scam: RBI increases withdrawal limit to Rs 50,000 per account; over 78% of depositors covered

Firstpost  

The Reserve Bank on Tuesday increased the withdrawal limits for depositors of the scam-hit Punjab and Maharashtra Cooperative Bank to Rs 50,000 from Rs 40,000 per account The Reserve Bank on Tuesday increased the withdrawal limits for depositors of the scam-hit Punjab and Maharashtra Cooperative Bank to Rs 50,000 from Rs 40,000 per account. #JustIn | @RBI to allow PMC …

PMC Bank scam: RBI increases withdrawal limit to Rs 40,000 per account; 77% of depositors covered
5 years, 5 months ago

PMC Bank scam: RBI increases withdrawal limit to Rs 40,000 per account; 77% of depositors covered

Firstpost  

The Reserve Bank on Monday increased the withdrawal limits for depositors of the scam-hit Punjab & Maharashtra Cooperative Bank to Rs 40,000 from Rs 25,000 per account over the next six months The Reserve Bank on Monday increased the withdrawal limits for depositors of the scam-hit Punjab & Maharashtra Cooperative Bank to Rs 40,000 from Rs 25,000 per account over …

RBI hikes PMC Bank withdrawal limit to ₹40,000
5 years, 5 months ago

RBI hikes PMC Bank withdrawal limit to ₹40,000

Live Mint  

The Reserve Bank of India on Monday increased the withdrawal limit for customers of Punjab and Maharashtra Cooperative Bank to ₹40,000 and said that this is inclusive of the ₹25,000 allowed earlier. “The Reserve Bank of India, after reviewing the bank’s liquidity position and its ability to pay its depositors has decided to further enhance the limit for withdrawal to …

Attention ATM users! SBI, Bank of Baroda restrict cash withdrawals from micro-ATMs of other banks
5 years, 5 months ago

Attention ATM users! SBI, Bank of Baroda restrict cash withdrawals from micro-ATMs of other banks

India TV News  

Bank ATM users alert: Bank of Baroda and State Bank of India have put cash withdrawal limitations for customers at micro-ATM terminals of other banks, in a move that would majorly impact banking services in rural areas. According to Economic Times reports, under new rules, BoB has limited its withdrawals for customers from micro-ATM terminals of other banks to four …

PMC scam: Reserve Bank of India increases withdrawal limit for depositors to Rs 25,000 per account
5 years, 5 months ago

PMC scam: Reserve Bank of India increases withdrawal limit for depositors to Rs 25,000 per account

Firstpost  

Mumbai: The Reserve Bank on Thursday increased the withdrawal limits for depositors of the scam-hit Punjab & Maharashtra Cooperative Bank to Rs 25,000 from Rs 10,000 per account over the next six months. “We again reviewed PMC Bank’s liquidity position and with a view to reducing the hardship of depositors, have decided to further enhance the limit for withdrawal to …

RBI increases withdrawal limit for PMC depositors to Rs 25,000
5 years, 5 months ago

RBI increases withdrawal limit for PMC depositors to Rs 25,000

India TV News  

The Reserve Bank of India has enhanced withdrawal limit for depositors of Punjab and Maharashtra Cooperative Bank. PMC Bank withdrawal limit increased to Rs 25,000: Here's what RBI said It may be recalled that the Reserve Bank of India had permitted the depositors of Punjab and Maharashtra Cooperative Bank Ltd to withdraw up to ₹ 10,000/- of the total balance …

PMC Bank: Relief for customers, RBI increases withdrawal limit to Rs 25,000
5 years, 5 months ago

PMC Bank: Relief for customers, RBI increases withdrawal limit to Rs 25,000

India Today  

In a major relief to the hapless customers of the crippled Punjab & Maharashtra Cooperative Bank, the Reserve Bank on Thursday increased the cash withdrawal limit to Rs 25,000 per account-holder from Rs 10,000 set earlier, but retained the six-months curbs. The regulator also said the relaxation in withdrawals will take care of over 70 per cent of the customers …

Current withdrawal limit of Rs 10,000 from PMC Bank not permanent, may relax cap after improvement in situation: RBI
5 years, 6 months ago

Current withdrawal limit of Rs 10,000 from PMC Bank not permanent, may relax cap after improvement in situation: RBI

Firstpost  

The RBI had Tuesday imposed a slew of restrictions on PMC Bank after finding many irregularities in its books, including massive under-reporting of NPAs. In yet another major relief to thousands of panic-stricken account holders of Punjab and Maharashtra Co-operative Bank, the Reserve Bank of India has reportedly hinted that it may relax the withdrawal limit further as the situation …

PMC Bank crisis: RBI hikes withdrawal limit from Rs 1,000 to Rs 10,000; over 60% depositors will be able to withdraw full amount
5 years, 6 months ago

PMC Bank crisis: RBI hikes withdrawal limit from Rs 1,000 to Rs 10,000; over 60% depositors will be able to withdraw full amount

Firstpost  

With this relaxation, more than 60 percent of the depositors of the PMC Bank will be able to withdraw their entire account balance. The Reserve Bank of India has increased the withdrawal limit for account holders in the crisis-hit Mumbai-based Punjab and Maharashtra Cooperative Bank to Rs 10,000 from Rs 1,000 earlier, in a relief to the bank’s harried customers. …

For PMC Bank account holders, withdrawal limits relaxed
5 years, 6 months ago

For PMC Bank account holders, withdrawal limits relaxed

Live Mint  

The Reserve Bank of India or RBI has eased withdrawal limit for Punjab and Maharashtra Co-operative Bank account holders, increasing the limit to ₹10,000 from ₹1,000. With this relaxation, more than 60% of the depositors of the Mumbai-based urban cooperative bank will be able to withdraw their entire account balance, the RBI said. PMC Bank account holders can now withdraw …

RBI increases withdrawal limit for PMC Bank depositors from 1,000 to 10,000
5 years, 6 months ago

RBI increases withdrawal limit for PMC Bank depositors from 1,000 to 10,000

India TV News  

PMC Bank Row: In a big relief for Punjab and Maharashtra Cooperative Bank depositors, the Reserve Bank of India today has increased the withdrawal limit from Rs 1,000 to Rs10,000. The RBI on September 24 had restricted PMC bank account holders from withdrawing amount more than ₹1,000 for six months that had sparked state of panic among the bank's depositors. …

RBI enforces restrictions on PMC Bank; customers clamour for their deposits
5 years, 6 months ago

RBI enforces restrictions on PMC Bank; customers clamour for their deposits

Live Mint  

Mumbai: Chaos reigned outside the Sion branch of the Mumbai-based Punjab and Maharashtra Cooperative Bank on Tuesday as depositors thronged to withdraw their money after the Reserve bank of India put restrictions on the bank. Photo: Aniruddha Chowdhury/Mint Watch: Chaos outside Mumbai based PMC bank after RBI imposes restrictions Like Patil, ₹11,000 crore worth of depositors' money is stuck at …

SBI daily ATM cash withdrawal limit for different debit cards
5 years, 6 months ago

SBI daily ATM cash withdrawal limit for different debit cards

Live Mint  

Country's largest lender State Bank of India permits daily cash withdrawal limit from ATMs for certain debit card holders. Here are some of the ATM cash withdrawal limits applicable to SBI debit cards. ATM withdrawal limit: Minimum: ₹100, Maximum: ₹20,000 SBI Global International Debit Card: With SBI Global International Debit Card you get access to your account whenever and wherever …

Bank of India asks account holders to stop using debit cards for cash withdrawal – India TV
5 years, 6 months ago

Bank of India asks account holders to stop using debit cards for cash withdrawal – India TV

India TV News  

Amid a massive rise in the fraud cases happening through bank ATM cards or debit cards like cloning and skimming, India's one of the largest public sector bank Bank of India has issued an advisory for its customer. The bank in its statement has warned its customer of banking fraud and has asked them to stop using a debit card …

Withdrawal failed due to technical glitch? It won't be counted in 'free monthly' ATM transactions: Reserve Bank of India
5 years, 7 months ago

Withdrawal failed due to technical glitch? It won't be counted in 'free monthly' ATM transactions: Reserve Bank of India

India TV News  

The Reserve Bank of India on Wednesday clarified that those transactions which fail on account of technical and other specified reasons shall not be included in the 'five free monthly ATM transactions'. are also included in the number of free ATM transactions," the RBI said in a notification. "It is hereby clarified that transactions which fail on account of technical …

SBI ATM withdrawal rules: Free transactions, charges and other details
5 years, 9 months ago

SBI ATM withdrawal rules: Free transactions, charges and other details

Live Mint  

The charges you pay for using Automated Teller Machines may change soon. Currently, the State Bank of India offers eight free transactions to regular savings bank account holders, including five transactions at SBI ATMs and three at other bank ATMs. In non-metros, such account holders get 10 free transactions, including five at SBI ATMs and five at others. The bank …

Allow basic savings account holders to make at least 4 withdrawals a month: RBI to banks
5 years, 9 months ago

Allow basic savings account holders to make at least 4 withdrawals a month: RBI to banks

Live Mint  

Mumbai: The Reserve Bank of India on Monday said commercial banks need to offer holders of basic savings bank deposit accounts, a minimum of four withdrawals in a month, including automatic teller machine withdrawals. In its earlier direction on 10 August 2012, the central bank had said while there will be no limit on the number of deposits that can …

No ‘less cash’ two years post note ban
6 years, 4 months ago

No ‘less cash’ two years post note ban

The Hindu  

Thursday, November 8, marks the second anniversary of the demonetisation exercise. According to Reserve Bank of India data, currency in circulation rose to ₹19.6 lakh crore as on October 26, 2018, a 9.5% growth from two years ago. Money trail Currency in circulation increased to ₹19.6 lakh crore as on Oct. 26, 2018, from ₹17.9 lakh crore on Nov.4, 2016 …

SBI debit cards that have more than ₹20,000 daily ATM cash withdrawal limit
6 years, 4 months ago

SBI debit cards that have more than ₹20,000 daily ATM cash withdrawal limit

Live Mint  

New Delhi: State Bank of India has halved the daily cash withdrawal limit from ATMs for certain debit card holders to ₹ 20,000 from Wednesday.The withdrawal limit has been curtailed on Classic and Maestro debit cards, held by a large number of the bank’s customers. “Daily cash withdrawal limits for Classic and Maestro debit cards reduced from ₹ 40,000 to …

SBI halves daily ATM withdrawal to Rs 20,000: The bank has done the right thing; the move will discourage use of cash
6 years, 5 months ago

SBI halves daily ATM withdrawal to Rs 20,000: The bank has done the right thing; the move will discourage use of cash

Firstpost  

Banks in India must dismantle ATMs and simultaneously install more and more swiping machines for their trade customers. State Bank of India has done well to limit cash withdrawals per day by its classic and maestro cardholders to Rs 20,000 from today from the hitherto generous limit of Rs 40,000 ). Indian Overseas Bank, for example, allows on its classic …

New SBI ATM withdrawal limits come into effect this week
6 years, 5 months ago

New SBI ATM withdrawal limits come into effect this week

Live Mint  

For SBI account holders, new ATM cash withdrawal rules kick in from October 31. SBI, the country’s largest bank, will reduce the daily cash withdrawal limit for Classic and Maestro debit cards to ₹ 20,000 per day, from ₹ 40,000, with effect from 31 October 2018. SBI account holders having higher daily cash withdrawal requirements can apply for other debit …

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 …

Know why SBI reduced ATM withdrawal limit to Rs 20,000
6 years, 6 months ago

Know why SBI reduced ATM withdrawal limit to Rs 20,000

India Today  

With an aim to reduce the rising number of ATM fraud cases and give a boost to digital transactions, the State Bank of India halved the daily ATM withdrawal limit from Rs 40,000 to Rs 20,000. "In view of the increase in the number of complaints received by banks around fraudulent transactions at ATMs and to encourage digital and cashless …

Discover Related