ATM Withdrawal Limit- You may readily and conveniently access the funds in your current and savings accounts via automated teller machines (ATMs). You can take out money from it anywhere, at any time. However, there are restrictions on how many transactions you can do in a given period of time as well as the maximum amount you can take out of an ATM in one sitting.
In order to prevent being charged for the same, we will help you learn about and comprehend the various ATM withdrawal limits of the major Indian banks in this article.
ATM Withdrawal Limit SBI, HDFC, ICICI
Main Contents
We’ll talk about the highest banks in India’s ATM withdrawal limits. One kind of automated banking technology that enables customers to do basic operations without assistance from bank staff is the automated teller machine, or ATM. There are two types of automated teller machines, or ATMs. With the basic aspect, just cash withdrawals and account balance reports are feasible. An additional, more sophisticated device reports account information, accepts credit card payments, and makes deposits.
Bank clients are the only ones that use ATMs to transact with their accounts. Users access their accounts via a special form of plastic card that has a magnetic stripe encoding user data on it. A modem is used to send the identification code from the tape to the bank’s central computer.
A card reader is a device that reads data from a card. The card reader plays a part in identifying an account number by connecting to the ATM via the magnetic stripe on the back of the card. Your bank account details are obtained when you swipe your card through the card reader; the host processor gets the card’s data. The host processors use this data to collect cardholder info.
Overview Details Of ATM Withdrawal Limit
| Category | Details |
|---|---|
| Definition | The maximum amount of cash that a customer can withdraw from an ATM within a specific period (typically per day). |
| Factors Influencing Limits | – Bank Policy: Different banks set different limits based on their policies.<br> – Account Type: Higher-tier accounts may have higher limits.<br> – Customer Profile: Long-term customers or those with higher balances may receive higher limits. |
| Typical Daily Limits | – Standard Accounts: $300 – $1,000<br> – Premium Accounts: $1,500 – $3,000<br> – Custom Limits: Varies based on customer’s request and bank’s approval |
| Checking Limits | – Contacting the bank directly (phone, in-branch visit).<br> – Online banking portals.<br> – Bank’s official mobile app. |
| Increasing Limits | – Request through bank’s customer service.<br> – Some banks allow temporary increases for special circumstances (e.g., travel, large purchases). |
| Implications of Limits | – Convenience: Ensures availability of funds but requires planning for larger withdrawals.<br> – Security: Limits reduce the potential loss in case of card theft or fraud. |
| International Withdrawals | – May have different limits compared to domestic withdrawals.<br> – Often subject to additional fees and currency conversion rates. |
| Fees Associated | – Out-of-network ATM usage may incur additional fees.<br> – International withdrawals typically have higher fees. |
| Emergency Situations | – Some banks provide emergency cash services or temporary limit increases. |
| Category | Trending |
What is the ATM Withdrawal Limit?
An ATM withdrawal limit is the maximum amount you can withdraw from your savings or current account within a specific period. These limits vary by bank and account type.
What is the ATM Withdrawal Limit Per Day?
The daily ATM withdrawal limit is the maximum cash you can withdraw in one day. For most Indian banks, this limit ranges from Rs. 20,000 to Rs. 50,000, depending on the account type and bank policies.
ATM Withdrawal Overview
Convenience:
- 24/7 Access: ATMs are available 24 hours a day, 7 days a week, allowing customers to withdraw cash at any time, day or night.
- Flexibility: This is especially beneficial for people with irregular schedules or those who cannot visit a bank branch during normal working hours.
- Wide Availability: ATMs can be found in a variety of locations, including:
- Train stations
- Department stores
- Supermarkets
- Hospitals
Accessibility:
- Strategic Locations: ATMs are placed in convenient and easily accessible locations to facilitate consumer access.
- User-Friendly Interface: ATMs provide clear instructions and alerts, making the withdrawal process straightforward even for those who are not tech-savvy.
Speed:
- Quick Transactions: Most ATM transactions are completed in a matter of minutes, allowing customers to access their cash quickly.
- Reduced Wait Times: Compared to bank branches, which can have long queues, especially during peak hours, ATMs offer a much faster alternative.
- Efficient Processing: ATMs are equipped with high-speed processing technology, enabling them to handle a large volume of transactions quickly and efficiently.
Benefits Summary
| Feature | Details |
|---|---|
| 24/7 Access | ATMs are operational around the clock, providing unmatched convenience for cash withdrawals at any time. |
| Flexibility | Ideal for individuals with inconsistent schedules or those who have other commitments that prevent visiting a bank during regular hours. |
| Accessibility | Strategically located in various public and private spaces, ensuring easy access for customers. |
| User-Friendly | Designed with clear instructions and alerts to guide customers through the transaction process effortlessly. |
| Speed | Transactions are processed in minutes, significantly faster than traditional bank visits. |
| Efficiency | Equipped with advanced processing technology, ATMs handle transactions swiftly and efficiently, minimizing wait times. |
ATM Withdrawal Limits of Top Indian Banks
SBI (State Bank of India)
- Maestro/Classic Debit Card: Rs. 40,000/day
- In Touch/SBI Go: Rs. 40,000/day
- Platinum International Debit Card: Rs. 1,00,000/day
HDFC Bank
- International/Woman’s Advantage/NRO Debit Cards: Rs. 25,000/day
- International Business/Titanium/Gold Debit Cards: Rs. 50,000/day
- Titanium Royale Debit Card: Rs. 75,000/day
- Platinum/Imperia Platinum Chip Debit Cards: Rs. 1,00,000/day
- JetPrivilege World Debit Card: Rs. 3,00,000/day
Canara Bank
- Classic RuPay/Visa/Standard Mastercard: Rs. 75,000/day
- Platinum/Mastercard Business: Rs. 1,00,000/day
ICICI Bank
- Coral Plus Debit Card: Rs. 1,50,000/day
- Expression/Platinum/Titanium Debit Cards: Rs. 1,00,000/day
- Smart Shopper Silver Debit Card: Rs. 50,000/day
- Sapphiro Debit Card: Rs. 2,50,000/day
Tiger Reserves in India: Complete List
Axis Bank
- RuPay Platinum/Power Salute Debit Cards: Rs. 40,000/day
- Liberty/Rewards/Plus/Titanium Debit Cards: Rs. 50,000/day
- Priority/Prestige/Delight/Value Plus Debit Cards: Rs. 1,00,000/day
- Burgundy Debit Card: Rs. 3,00,000/day
Bank of Baroda
- RuPay Classic DI/Mastercard Classic DI: Rs. 25,000/day
- World Agniveer/RuPay Qsparc NCMC/Other Platinum Cards: Rs. 50,000/day
- RuPay Select DI: Rs. 1,50,000/day
Indian Bank
- Senior Citizen/PM Jan Dhan Yojana: Rs. 25,000/day
- RuPay Platinum/Select/Other High-End Cards: Rs. 50,000/day
- Basic Cards (like Kalaignar Magalir): Rs. 10,000/day
- RuPay International Platinum: Rs. 1,00,000/day
Union Bank of India
- Classic Cards: Rs. 25,000/day
- Platinum Cards: Rs. 75,000/day
- Business Platinum Cards: Rs. 1,00,000/day
- RuPay Select/Signature Cards: Rs. 1,00,000/day
Punjab National Bank
- RuPay NCMC Classic/Visa Classic/Mastercard Classic: Rs. 25,000/day
- Platinum/Women Power/Business Platinum: Rs. 1,00,000/day
- RuPay Select/Visa Signature/Mastercard Business: Rs. 1,50,000/day
Bank of India
- Basic Cards (Titanium/Kisan): Rs. 15,000/day
- Platinum Cards: Rs. 50,000/day
- Visa Business/Signature: Rs. 1,00,000/day
Federal Bank
- FedFirst Contactless: Rs. 2,500/day
- RuPay Crown: Rs. 25,000/day
- Platinum/Business Cards: Rs. 50,000/day
- Imperio Personal: Rs. 75,000/day
- High-End Cards: Rs. 1,00,000/day
Kotak Bank
- Junior Debit Card: Rs. 5,000/day
- Basic RuPay/Classic One: Rs. 10,000/day
- 811 Dream Different/Easy Pay: Rs. 25,000/day
- Silk Platinum/Other High-End Cards: Rs. 40,000 – Rs. 1,50,000/day
Indian Overseas Bank
- RuPay PMJDY: Rs. 10,000/day
- Basic Cards: Rs. 20,000 – Rs. 30,000/day
- High-End Cards: Rs. 40,000 – Rs. 1,00,000/day
Karnataka Bank
- Basic Cards: Rs. 25,000/day
- International Cards: Rs. 60,000/day
- Platinum Cards: Rs. 75,000 – Rs. 1,00,000/day
YES Bank
- PMJDY RuPay Chip: Rs. 10,000/day
- Basic Cards: Rs. 25,000 – Rs. 30,000/day
- High-End Cards: Rs. 50,000 – Rs. 3,00,000/day
Central Bank of India
- RuPay Select/Platinum: Rs. 2,00,000/day
- Classic/Business Cards: Rs. 1,00,000/day
IDBI Bank
- Kids PayWave/RuPay Kids: Rs. 2,000/day
- PMJDY: Rs. 10,000/day
- Basic Cards: Rs. 25,000 – Rs. 40,000/day
- Gold/Platinum Cards: Rs. 75,000 – Rs. 1,00,000/day
IDFC Bank
- PMJDY: Rs. 25,000/day
- Classic Cards: Rs. 40,000/day
- High-End Cards: Rs. 50,000 – Rs. 4,00,000/day
UCO Bank
- Basic Cards: Rs. 25,000/day
- High-End Cards: Rs. 50,000/day
City Union Bank
- Basic Cards: Rs. 15,000/day
- Classic Cards: Rs. 50,000/day
- Platinum Cards: Rs. 1,00,000/day
Karur Vysya Bank
- Basic Cards: Rs. 30,000/day
- Prestige Visa/Mastercard: Rs. 50,000/day
- Pride Mastercard/Business Cards: Rs. 1,00,000/day
FAQ’S
What is an ATM?
An Automated Teller Machine (ATM) is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller
What are the main benefits of using an ATM?
ATMs provide 24/7 access to cash withdrawals, are conveniently located in various public and private spaces, and offer quick transaction processing.
Are ATMs available 24/7?
Yes, most ATMs are available 24 hours a day, 7 days a week.
What is the ATM withdrawal limit?
The ATM withdrawal limit is the maximum amount of cash you can withdraw from your account using an ATM within a specific period, usually per day. This limit varies by bank and account type.
How do I withdraw cash from an ATM?
To withdraw cash from an ATM: Insert your debit/ATM card. Enter your PIN. Select the withdrawal option. Enter the amount you wish to withdraw. Confirm the transaction and collect your cash and receipt.
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