Recently, SBI has reduced the ATM withdrawal Limit. From 31 October 2018, you would be able to withdraw only ₹20,000 in a day from the ATM. Earlier, you could withdraw up to ₹40,000 in a day. This would be the least withdrawal limit among top banks of India. Even the Government banks such as PNB and BOB have a higher limit. The private banks already have a higher ATM withdrawal limit.
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Reduction of SBI ATM Withdrawal Limit
The SBI has reduced the withdrawal limit only for the classic and Maestro debit card. After this reduction, the withdrawal Limit of SBI Debit card would be as follows. These limits are applicable from 31/10/2018.
- SBI Classic Debit Card – ₹20,000/day
- SBI Silver Card – ₹20,000/day
- Gold International Debit Card – ₹50,000
- SBI Platinum International Debit Card – ₹1 lakh
SBI is the biggest bank in India and it has the most customers. There are about 41 crore account in the State Bank if India. Hence, this news would be a matter of concern for a large section of the people. As you may often require more than ₹20 thousand in a day.
The SBI has listed the following 2 causes for this reduction of the limit.
- To reduces the fraudulent transaction
- Encourage Digital/ cashless payments
We all know that withdrawal from the branches takes time. Therefore ATMs are very convenient for withdrawals. So limiting the amount may result in the wastage of our precious time.
However, you can deal with this situation by adopting the digital transactions.
ICICI Bank Withdrawal Limit
ICICI Bank has a different withdrawal limit for different types of cards. There are many types of the debit card of ICICI Bank. So, to know the withdrawal limit, check out your debit card.
Limit of ₹50,000/day
- Silver Debit card
- Women card
- HPCL Debit card
Limit of ₹75,000/day
- Gold Debit card
Limit of ₹1 lakh/day
- MasterCard World Debit Card
- Coral Debit card
- Platinum card
- Titanium Debit card
- Business Debit card
Limit of ₹1.5 lakh/day
- Rubyx Debit Card
- Coral Business
- Visa Signature
You can’t withdraw more than 10 thousand/transaction if you use the ATM of other banks.
Worth Read: What to Do If ATM Does Not Give Cash but Money Got Debited From Account?
HDFC Bank ATM Withdrawal Limit
Like ICICI Bank, HDFC Bank has also set different ATM withdrawal limit for different types of debit cards. the Minimum withdrawal limit of HDFC bank is ₹25,000. The limit goes up to 3 lakhs.
| Debit Cards | Withdrawal Limit per day |
|---|---|
| JetPrivilege HDFC Bank World | 300,000 |
| Easy Shop Imperia Platinum Chip | 100,000 |
| Easy Shop Platinum | 100,000 |
| Easy Shop Gold | 50,000 |
| Easy Shop Titanium Royale | 75,000 |
| Easy Shop Titanium | 50,000 |
| Easy Shop International Business | 50,000 |
| Easy Shop International | 25,000 |
| Easy Shop Woman’s Advantage | 25,000 |
| Easy Shop NRO | 25,000 |
You can’t withdraw more than 10 thousand/transaction if you use the ATM of other banks.
PNB Withdrawal Limit
The Punjab national bank has a higher limit than the SBI. The minimum limit of ATM withdrawal of PNB is ₹25,000. There are only 2 slabs of PNB as there are only two types of debit card from the Punjab National Bank.
- Platinum debit card – ₹50,000 /day
- Classic Debit Card – ₹25,000/day
Note, you can’t withdraw more than 15,000 at a time. This limit is applicable for both types of the cards.
Axis Bank Withdrawal Limit of ATM
The Axis bank has many types of Debit cards. The limit of ATM withdrawal also depends upon the types of card. Nevertheless, the Minimum limit is 25,000. It is set for the Master debit card. Well, most the Axis bank cards have the limit of ₹40000/day.
| Mastercard International Debit card | 25,000 |
| Visa International | 40,000 |
| Visa Gold | 40,000 |
| Smart Privilege | 40,000 |
| Power Salute | 40,000 |
| NRI international | 40,000 |
| Classic | 40,000 |
| MasterCard Gold Plus | 50,000 |
| Titanium Rewards Debit Card | 50,000 |
| Priority Platinum | 1,00,000 |
| Visa Gold Debit card | 1,75,000 |
As Axis Bank customer can withdraw maximum ₹10,000 from other bank ATM.
Bank Of Baroda
The Bank of Baroda has issued 6 types of debit cards. These cards have different withdrawal limits.
Limit of ₹25,000/day
- Visa Electron Card
- RuPay Classic Card
- Master Classic Card
Limit of ₹50,000/day
- RuPay Platinum Card
- Baroda Master Platinum Card
Limit of ₹1 lakh/day
- VISA Platinum Chip Card
To deal with the limit of ATM withdrawal, use the cashless mode of the transactions as much as possible. You can use the Unified Payment Interface (UPI), for the transactions up to ₹1 lakh. It is instant and free. There are many Best UPI apps along with the SBI’s own BHIM SBI Pay.
There are other methods of the cashless transaction as well. These are the IMPS, NEFT and RTGS. These modes charge some fees. You can also use a debit card to make payment. The government has also waived fees for Debit card payments.
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