ATM Cash Withdrawal Limits for Top Banks in India 2024 (2024)

FAQs

Which bank has the highest ATM withdrawal limit in India? ›

ATMs have withdrawal limits varying among Indian banks, such as SBI with Rs. 40,000 daily, HDFC with Rs. 25,000, Canara Bank with Rs. 75,000, and ICICI Bank with Rs. 1,50,000.

The limit for Indian Bank Debit cards varies from one card to another. In general, the cash withdrawal limit ranges from Rs. 10,000 to Rs. 1 Lakh, whereas, the limit for POS transactions ranges from Rs.

Maximum limit of cash withdrawn is Rs. 50,000 per day in ATM and maximum amount that can be withdrawn per day is Rs. 1 lac in POS VISA Platinum Privilege Debit Card – Valid Domestic & International. Maximum limit of cash withdrawn is Rs.

Daily withdrawal limits typically range from $300 to $5,000 with most limits falling between $500 and $3,000. Your individual daily withdrawal limit usually resets the following day. However,be aware that, in some cases, daily limits are determined by a 24-hour period instead of a calendar day.

TDS will be deducted at 2% on cash withdrawals of more than ₹ 20 lakh and 5% for withdrawals exceeding ₹ 1 crore if the person withdrawing the cash has not filed ITR for any of the preceding three AYs.

Listen to This Article. Cash deposits or withdrawals exceeding Rs 10 lakh (1 million) in a year in a savings account (except current accounts and fixed deposits) require reporting to the Income Tax department. Banks and post offices are responsible for reporting such transactions.

The maximum cash withdrawal limit is different for all banks across India. However, the maximum daily limit starts from 10,000 for some banks and goes up to 50,000 for prime customers.

An ATM generally have four trays, for denomination of Rs 100, 500 and 1000. In general, there are 2 cassettes of Rs 100 notes and one each of Rs 500 and Rs 1000. A maximum of 34,00,000.00 can be put at a time. In India, telling about the average amt is difficult, as it depends on a lot of factors viz.

A look at some of the ATM daily cash withdrawal limits applicable to SBI debit cards. Country's largest lender State Bank of India (SBI) offers seven types of ATM-cum-debit cards to its customers. Depending upon the variant of the card, the daily cash withdrawal limit ranges from ₹20,000 to ₹1 lakh.

What is the ATM withdrawal limit for HDFC Bank? ›

*For Security reasons, ATM cash withdrawal limit is capped at ₹ 0.5 Lakhs per day and ₹ 10 Lakhs per month for first 6 months from Account opening date. For accounts older than 6 months, ATM cash withdrawal limit is capped at ₹ 2 Lakhs per day and ₹ 10 Lakhs per month. This is implemented with immediate effect.

There is no limit for cash withdrawal at home branches. But the branch can say no to large withdrawal beyond their cash holding limit without prior information. One can withdraw upto Rs 50000 at non home branches presenting the cheque for personal banking accounts and upto Rs 200000 for SME accounts.

Cash withdrawal limits tend to be somewhere between $300 and $1,500 per day, says Ken Justice, head of ATMs at PNC Bank, although the exact amount varies by bank. "These limits are typically set for security reasons and to protect customer accounts," he says.

The amount of cash you can withdraw from a bank in a single day will depend on the bank's cash withdrawal policy. Your bank may allow you to withdraw $5,000, $10,000 or even $20,000 in cash per day. Or your daily cash withdrawal limits may be well below these amounts.

Your account may allow you to withdraw more than your ATM limit inside a branch, by either using your debit card or writing a check made out to "Cash." Ask a teller to help you. Just be aware there may be limits on how much you can take out with a check, or how many checks you can write for cash in a day.

The maximum cash withdrawal limit is different for all banks across India. However, the maximum daily limit starts from 10,000 for some banks and goes up to 50,000 for prime customers.

Cash withdrawal is the most popular service on SBI ATMs which enables customers to withdraw up to a daily limit of Rs. 40,000 (limit on Classic Debit Card. Higher value cards permit daily withdrawal limits of up to Rs 1 lakh per day).