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SBI halves the daily ATM withdrawal to Rs 20,000 for certain card holders from today



SBI reduced daily ATM withdrawal limit to Rs 20,000 for Classic and Maestro debit cards

The country’s largest lender SBI has halved the daily cash withdrawal limit from ATMs for certain debit-card holders to Rs 20,000 from Wednesday. The withdrawal limit has been curtailed on Classic and Maestro debit cards, held by a large number of the bank customers.

However, customers with other variants of SBI debit cards can continue to enjoy higher daily withdrawal from ATMs. This move will help in checking frauds and promote digital transaction.

If any customer wants a higher limit of cash withdrawal, he or she can ask for a higher variant card. The reduction in cash withdrawal limit for Classic and Maestro debit cards from Rs 40,000 to Rs 20,000 per day has been with effect from October 31.


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