How to Withdraw Cash From SBI ATM: Limit and Step-by-Step Guide | The Times of India (2024)

FAQs

How many times does the SBI ATM withdrawal limit? ›

State Bank of India provides withdrawals between Rs. 40,000 to Rs. 1 lakh using debit cards at ATMs. As per the bank, it allows up to 5 free ATM withdrawals in a month. SBI account holders have to pay additional charges if they exceed this limit.

The following is the SBI ATM withdrawal limit: If you have a Maestro Debit Card or Classic Debit Card, you can withdraw a maximum of Rs. 40,000 per day.

However, the maximum daily limit starts from 10,000 for some banks and goes up to 50,000 for prime customers. As per the updated regulations from the RBI (Reserve Bank of India), with effect from 1st January 2022, users of most banks can withdraw cash from ATM five times per month.

For accounts linked to a MoneyBack Debit Card, the daily cash withdrawal limit is ₹25,000. For accounts linked to a Rewards Debit Card, the daily cash withdrawal limit is Rs. ₹50,000.

With a Maestro Debit Card or Classic Debit Card, users can withdraw around 40,000 rs in a single day. If the customer's account is connected to In Touch or SBI Go, then they can withdraw 40,000 rs per day. If you have SBI Platinum International Debit Cards then users can withdraw Rs. 1,00,000 per day.

Daily Cash Limit

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).

SBI ATM Withdrawal Charges and Transaction Limits

20 plus GST (Depending on the number of withdrawals). SBI Withdrawal Limit: Between Rs. 40,000 and Rs. 1 lakh.

SBI customers can use this facility to withdraw cash amount of Rs10,000 and above from its ATMs by entering an OTP sent on their registered mobile number, along with their debit card PIN each time. This facility is active since 1 January 2020.

SBI cardholders will receive an OTP on their mobile number registered with SBI at the time of initiating the cash withdrawal process at the ATM. An OTP will be sent to your registered mobile number. The OTP is a four-digit number that authenticates the user for a single transaction.

How much cash can you take out at once from ATM? ›

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.

1,00,000. However, for cash withdrawal at SBI Branch, the limit is Rs. 25,000 per day for savings account and Rs. 5,00,000 per day for current account.

Your ATM max withdrawal limit depends on who you bank with, as each bank or credit union establishes its own policies. Most often, ATM cash withdrawal limits range from $300 to $1,000 per day. Again, this is determined by the bank or credit union—there is no standard daily ATM withdrawal limit.

ATM cash withdrawal rules: Usually, banks offers five free transactions at the ATMs every month. All the lenders provide a limited number of free ATM transactions every month. Once the limit is exhausted, banks levy a charge along with taxes for any further transactions, including financial and non-financial services.

Individual banks set ATM withdrawal limits. Generally, ATM cash withdrawals are restricted to $300 to $1,000 daily. Also, some ATMs limit the cash they dispense per withdrawal.

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.