ATM free transaction limit 2018: How much SBI, HDFC, PNB, ICICI Bank customers can withdraw

ATM free transaction limit 2018: How much SBI, HDFC, PNB, ICICI Bank customers can withdraw

New Delhi: There are certain limits on cash withdrawals from ATMs and these vary from bank to bank. The amount of cash a customer can withdraw from his/her account depends upon the type of card the person is holding.

State Bank of India (SBI) has halved the maximum amount an account holder can withdraw per day. SBI has lowered the limit to Rs 20,000 from Rs 40,000. The new ATM cash withdrawal rules, applicable on SBI Classic and Maestro debit cards, will come into effect from 31 October, according to the lender’s website.

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Here are some of the ATM cash withdrawal limits applicable to some of the top banks.

ICICI Bank

According to the official website of ICICI Bank, a customer can withdraw up to Rs 50,000 per day from any of its ATMs.

Limits on other cards are:

ICICI Bank Privilege Banking Titanium Debit Card: Rs 1,00,000 per day
ICICI Bank Smart Shopper Gold Debit Card: Rs 75,000 per day
ICICI Bank Smart Shopper Silver Debit Card: Rs 50,000 per day

SBI

SBI has lowered the limit to Rs 20,000 from Rs 40,000. The new ATM cash withdrawal rules are applicable on SBI Classic and Maestro debit cards. SBI’s debit card variants come with different ATM withdrawal limits. The popular SBI Classic debit card comes with a daily ATM cash withdrawal limit of Rs 40,000.

Limits on other cards are:

SBI’s Global International debit card: Rs 50,000 per day
SBI’s Platinum International debit card: Rs 100,000per day

Punjab National Bank

Punjab National Bank (PNB) has separate cash withdrawal limits for Platinum and Classic card users. Both cards come in Rupay and Master variants.

PNB Platinum card: Rs 50,000 per day
PNB Classic card: Rs 25, 000 per day

Axis Bank

Axis Bank offers a number of debit cards. Its Burgundy Debit Card allows a daily cash withdrawal limit of Rs 3 lakh, according to the official website of the lender. The Titanium Prime and Plus debit cards of the banks have a Rs 50,000 withdrawal limit for a day.

HDFC Bank

HDFC Bank allows customers to withdraw up to Rs 1 lakh per day from ATMs with the Platinum chip debit card.

Limits on other cards:

HDFC Bank Titanium Royale Debit Card: Rs 75,000 per day
HDFC EasyShop Debit Card: Rs 25,000 per day
HDFC RuPay Premium Debit Card: Rs 25,000 per day
EasyShop Titanium Debit Card: Rs 50,000 per day

Bank of Baroda

Bank of Baroda’s Rupay Classic Card has a withdrawal limit of Rs 25,000 per day.

Limits on other cards are:

Baroda Master Platinum Card: Rs 50,000 per day
RuPay Platinum Card: Rs 50,000 per day
Visa Electron Card: Rs 25,000 per day
Master Classic Card: Rs 25,000 per day
VISA Platinum Chip Card: Rs 1 lakh per day

Who can do unlimited ATM transactions

Unlimited ATM transactions are allowed to customers maintaining a minimum average monthly balance of Rs 1 lakh or more. Such customers can also do unlimited transactions at other bank ATMs. Apart from these, unlimited free transactions are also allowed to salary account holders at SBI group ATMs and other bank ATMs.

If you are a regular savings bank account holder of SBI, you can do eight free ATM transactions, including five transactions at SBI ATMs and three transactions at other bank ATMs. In non-metros, such account holders can do 10 free transactions, including five at SBI ATMs and five at others.

If you cross the free transaction limit then the bank charged Rs 5 to Rs 20 GST.

 

Source:- informalnewz

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