SBI Allows ATM Withdrawal Up To Rs. 2 Lakh Per Day. Details Here

SBI Allows ATM Withdrawal Up To Rs. 2 Lakh Per Day. Details Here

Some debit cards of SBI offer withdrawal limit of Rs. 2 lakh per day and online transaction limit of Rs. 5 lakh per day.

SBI or State Bank of India offers various ATM-cum-debit card options to its customers when it comes to cash withdrawal limit and limit for online transactions. SBI customers can withdraw up to Rs. 2 lakh per day and make online transactions worth Rs. 5 lakh per day using SBI ATM-cum-debit cards. However, the daily cash withdrawal limit for SBI account holders varies depending on the type of card. Here are the different ATM-cum-debit cards of SBI and their cash withdrawal limits:

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SBI ATM withdrawal limit

SBI Classic Debit-cum-ATM Card

SBI’s Classic debit card is the most popular debit card offered by the bank which allows cash withdrawals up to Rs. 40,000 per day. However, if you make online transactions, a daily limit of Rs. 50,000 will be applicable, an SBI customer care executive said. SBI charges Rs. 300 plus GST of 18 per cent for issuing this card. Annual maintenance charges (AMC) applicable on this card are Rs. 100 plus GST.

SBI Pride Master Debit-cum-ATM Card

SBI’s Pride Master Card provides a daily cash withdrawal limit of Rs. 1 lakh for both domestic and international withdrawals. SBI’s Pride Master Card comes with a limit of Rs. 2 lakh per day for online transactions. Although, the issuance charges of SBI Pride Master Card are same as that of Classic Debit card, at Rs. 300 plus tax. However, the annual maintenance charges are higher at Rs. 250 plus 18 per cent GST.

SBI Platinum Debit-cum-ATM Card

SBI’s Platinum Debit-Cum-ATM card allows cash withdrawals up to Rs. 2 lakh per day (both domestic and international withdrawal) and online transactions of up to Rs. 5 lakh per day. However, the higher withdrawal limit in this card comes with higher charges. Annual maintenance charges of Rs. 350 plus GST are applicable on the Platinum card but the issuance charges are the same as the above two cards at Rs. 300 plus tax.

Besides cash withdrawal, SBI provides various other services at its ATMs.

SBI ATM – banking option

Selecting the banking option on an SBI ATM, a customer can withdraw cash, change the ATM PIN, enquire about the balance, generate a mini statement and make a card-to-card transfer up to Rs. 40,000 per day, among other tasks. The customer can also make a credit card payment, an SBI life insurance premium payment, purchase a mobile top-up, request for a cheque book etc.

SBI ATM Withdrawal Rules

SBI has said that its savings bank customers will get eight free ATM transactions a month (five at SBI ATMs and three at ATMs of other banks) in metro cities and 10 free transactions in non-metro cities (five at SBI ATMs and five at ATMs of other banks).

Transactions beyond the permissible limit of free ATM transactions will attract a charge of Rs. 20 plus GST of 18 per cent (on all ATMs). Even if your transaction gets declined due to insufficient balance, you will be charged Rs. 20 plus tax for the transaction. In case of card-less withdrawals at ATMs, a fee of Rs. 22 plus tax will be charged per transaction.

However, customers of SBI’s basic savings bank deposit account will get only four free ATM withdrawals per month, SBI added. After the four free ATM withdrawals, customers of Basic Savings Bank Account will be charged Rs. 50 plus tax for cash withdrawal at an SBI branch, Rs. 20 plus tax at other bank ATMs and Rs. 10 plus tax at SBI ATMs.

Source by ndtv..



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