You might have wondered about the ‘current account withdrawal limit per day’ while using or before opening a current account. Unlike savings accounts, they don’t offer interest, but they do provide the flexibility of making numerous withdrawals throughout the day.
However, there’s usually a daily withdrawal limit on current accounts that restricts the amount you can take out in 24 hours. Most banks set this limit around INR 50,000 to 1 lakh for ATM withdrawals. For in-branch withdrawals, the amount is higher.
Let’s explore the current account withdrawal limits so that you can manage your finances without any surprises. Also, know if these limits can be increased or not and the charges associated with withdrawals.
Table of contents
What is the Current Account Withdrawal Limit?
The current account withdrawal limit refers to the maximum amount that can be withdrawn in physical currency within a timeframe. This lets businesses and individuals conduct frequent transactions via current accounts securely.
As per the new rules for cash withdrawals from banks, the current account withdrawal limit per day is set between INR 50,000 to 1 lakh.
- HDFC Bank, Axis Bank, IDBI Bank, and IDFC First Bank are some of the banks offering higher current account withdrawal limits per day.
- Current account withdrawal limits differ based on the method of withdrawal chosen (ATM, in-branch withdrawal, credit cards or other).
- Exceeding the withdrawal limits on current accounts can either result in a transaction decline or additional charges.
Bank-wise Current Account Withdrawal Limit Per Day
Different banks have different types of current accounts. Considering this, they have different purposes and features. Thus, they also differ in current account withdrawal limit per day.
| Bank Name | Current Account Type | Daily Withdrawal Limit (INR) |
| State Bank of India (SBI) | Regular Current Account | Up to 1 lakh at non-branch |
| HDFC Bank | HDFC Premium Current Account | Up to 2,00,000 for accounts older than 6 months |
| ICICI Bank | ICICI Business Current Account | Up to 50,000 at non-branch |
| Axis Bank | Axis Bank Current Account | Up to INR 1,00,000 |
| Punjab National Bank (PNB) | PNB Current Account | 25,000 |
| Canara Bank | Canara Current Account | Up to 75,000 with a Classic Debit Card and up to 1 lakh with a RuPay Select Debit Card |
| Bank of Baroda | Baroda Simplified Current Account | 50,000 by cheque only |
| Union Bank of India | Union Current General Account | – Up to 25,000 via ATM- Up to 50,000 at POS |
| IDBI Bank | IDBI Current Account | Up to 1,00,000 |
| Indian Bank | Indian Bank Current Account | – Up to 25,000 with most debit cards – Up to 2 lakhs with Rupay International Platinum card |
| Kotak Mahindra Bank | Kotak Elite Current Account | 1,00,000 |
| YES Bank | YES Business Account | 1,00,000 |
| UCO Bank | UCO Business Current Account | 50,000 |
Please Note: The limits mentioned as subject to change based on the bank’s policies and guidelines. Always confirm with the bank for the most accurate and updated information regarding withdrawal limits.
Also Read: Discover the YONO cash withdrawal limits from the SBI. Learn about the maximum and minimum limits.
Factors Affecting Current Account Withdrawal Limits
Similar to factors affecting savings account cash withdrawal limits, several factors influence current account withdrawal limits in banks. The major factors include the type of current account you hold with the bank and the type of transaction method you choose to withdraw cash.
Type of Account
Different types of current accounts (e.g., standard, zero balance, trust accounts) have varying withdrawal limits. For instance, premium accounts may offer higher limits compared to regular accounts.
For example, Kotak Neo’s current account withdrawal limit is set at INR 10,000 per day, however, users can enjoy free cash withdrawals up to INR 7.5 lakhs per day with Kotak Astra 15 current account.
Withdrawal Method
The method of withdrawal (ATM, over-the-counter, online transfer) can also affect the limit. For example, online withdrawals may have different limits compared to ATM cash withdrawals. Here’s a brief idea about on current account withdrawal limit per day based on the method-
| Mode of Withdrawal | Typical Daily Limit | Additional Notes |
| ATM Withdrawals | INR 50,000 to INR 1,00,000 | The limit varies by bank policies and ATM network. |
| Branch Withdrawals | INR 5,00,000 to INR 10,00,000 or more | Higher limits are available based on account type and relationship with the bank. |
| Online Transactions | INR 1,00,000 to INR 10,00,000 | Limits vary greatly between banks; some banks allow even higher limits for business accounts. |
Regulatory Guidelines & Bank Policies
Banks must comply with regulations set by governing bodies like the Reserve Bank of India (RBI), which can influence withdrawal limits to ensure financial stability and protect customers.
Based on this, banks set their policies regarding withdrawal limits, which can vary based on internal risk assessments and customer segmentation.
Also Read: This blog includes the details about the international debit card withdrawal limits. To know more about it read the blog.
How to Increase Current Account Withdrawal Limit Per Day?
If you need more than the daily limit for a large purchase or business payment, there are ways to increase your withdrawal limit. Many banks allow you to request a higher limit, either temporarily or permanently.
You simply have to visit the branch and raise a request to increase the current account withdrawal limit. However, you need to provide valid reasons by providing the necessary documentation.
If you’re a business owner, your bank might ask for documents to verify the source of funds or the purpose of the higher withdrawal request. For individuals, proof of income or tax returns may be required.
- Banks may consider your account history when evaluating your request.
- You need to specify whether you need a temporary increase or a permanent one.
- Upgrading to a premium account type may automatically provide higher withdrawal limits.
Charges on Current Account Withdrawal
When managing a current account, it’s important to be aware of the various charges that can apply to currency account withdrawal limits. Some banks charge fees for exceeding withdrawal limits or for attempting multiple transactions in a short time frame.
Some of the types of charges that are applicable include ATM withdrawal charges, fees for cash withdrawals at non-home branches, balance enquiry charges, etc. Check out the overview of charges on currency account withdrawals-
| Transaction Type | Typical Charge |
| ATM Withdrawals | Up to INR 20–INR 21 per transaction for bank ATMs; INR 21 for non-bank ATMs. |
| Foreign ATM Transactions | Up to INR 125 per transaction, plus currency conversion charges. |
| Cash Withdrawals at Non-Home Branches | INR 2 per INR 1,000 withdrawn, with a minimum of INR 50 per transaction. |
| Third-Party Cash Withdrawals | Limited to INR 50,000 per transaction in most banks. |
| Cash Handling Charges | Varies by bank; often charged per transaction or based on the amount withdrawn. |
| Other Charges | Charges for services like balance inquiries, certificates, and PIN regeneration. |
Bank-wise Charges on Current Account Withdrawal
Here are the charges associated with current account withdrawals from various banks in India-
| Bank Name | Withdrawal Charges |
| Kotak Mahindra Bank | INR 21 per transaction at ATMs; INR 150 for international ATM withdrawals. |
| India Post Payments Bank | Free up to INR 25,000/month; thereafter, 0.50% of the transaction value (min. INR 25). |
| Axis Bank | INR 4 per INR 1,000 after exceeding the free limit. |
| IDBI Bank | INR 20 per domestic transaction; and INR 140 for international withdrawals. |
| Karur Vysya Bank (KVB) | Free if Monthly Average Balance (MAB) is INR 25,000 or above; otherwise, INR 1.25 per transaction. |
| Bank of India | Free for up to 5 withdrawals/month; thereafter, INR 150 per transaction. |
| HDFC Bank | INR 21 per additional transaction after the free limit is exceeded. |
| ICICI Bank | Charges apply after exceeding a specified number of transactions. |
| Punjab National Bank (PNB) | Generally free up to a certain limit; charges apply thereafter. |
| Union Bank of India | Free for a limited number of transactions; fees apply beyond that. |
| South Indian Bank | Free for a specified number of transactions; charges apply thereafter. |
| Federal Bank | Free for a certain number of transactions each month; fees apply beyond that limit. |
| Yes Bank | Free for a limited number of transactions; fees apply beyond that limit. |
| Central Bank of India | Free for a limited number of transactions; fees apply thereafter. |
| Indian Bank | Typically free for several transactions each month; fees apply after exceeding this limit. |
How to Manage Current Account Withdrawal Limits?
Managing current account withdrawal limits effectively is essential, especially for business owners, freelancers, and individuals dealing with large or frequent transactions. Here’s how can stay within your withdrawal limits while ensuring your financial needs are met.
Plan Transactions in Advance
If you anticipate needing a large sum of money, make sure to schedule withdrawals in advance to ensure you stay within the daily limit. Spread out transactions over multiple days to avoid exceeding limits.
Request a Temporary or Permanent Increase
Most banks allow customers to increase their withdrawal limits temporarily or permanently. For one-time large transactions, you can simply request an increase by contacting your bank.
However, if you frequently require higher withdrawals, consider upgrading your account type or maintaining a higher balance.
Use Alternate Payment Methods
For larger transactions that exceed withdrawal limits, you can consider using cheques. They are useful for paying vendors or suppliers. Alternatively, you can avail of bank transfers using digital payment methods like RTGS, NEFT, or UPI transfers for seamless and higher-limit transactions.
This was all about current account withdrawal limits per day. Make sure to be aware of per-day limits and charges to avoid surprises.
FAQs
A current account withdrawal limit is the maximum amount you can withdraw from your account in a day. This limit can vary by bank and account type.
You can check your withdrawal limit by reviewing your bank’s terms and conditions or by contacting customer service. Most banks also provide this information through their online banking platforms.
Yes, you can request an increase in your withdrawal limit from your bank. You may need to justify the increase, such as business needs or transaction history.
If you attempt to withdraw more than your daily limit, the transaction will typically be declined without a fee. However, exceeding monthly transaction limits may incur additional charges.
Yes, each bank sets its own withdrawal limits for current accounts. These limits can also differ based on the type of current account you hold.
Once you reach your daily withdrawal limit, you cannot withdraw more funds until the next day. You will need to wait until the daily limit resets.
Yes, banks often have different limits for ATM withdrawals compared to over-the-counter transactions at branches. Over-the-counter withdrawals may have higher limits.
Yes, you can withdraw cash internationally using your debit card linked to your current account. However, international withdrawals may have different limits and fees.
If you need to withdraw more than your limit, consider requesting a temporary increase from your bank. Alternatively, you can make multiple withdrawals over several days.
Many banks offer free withdrawals up to a certain number of transactions per month. After that, they may charge a fee for additional withdrawals at ATMs outside their network.
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