When it comes to managing finances, understanding your bank cash withdrawal limit is crucial for ensuring smooth transactions. Whether you need cash for day-to-day expenses, business needs, or emergencies, knowing your bank cash withdrawal limits can help avoid unwanted surprises and extra charges.
Banks usually set these limits to ensure hassle-free money management. Staying within the limits also helps you avoid paying additional charges. So, let’s explore important details about bank cash withdrawal limits, factors, the range of limits, and some important practical tips on managing your withdrawal needs efficiently.
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What is a Bank Cash Withdrawal Limit?
A bank cash withdrawal limit refers to the amount of money you can withdraw from your bank account over a set period, typically in a day or in a month. The limit can vary based on factors like the type of bank account, the type of card, and the cash withdrawal method i.e., ATM withdrawal, branch withdrawal, or online transactions.
Banks set withdrawal limits to enhance security, prevent fraud, and ensure smooth cash flow management. Moreover, the bank cash withdrawal limits also help maintain adequate liquidity at accounts and ATMs while also managing operational costs. Now, let’s take a look at the types of bank cash withdrawal limits.
Types of Bank Cash Withdrawal Limits
Understanding the various types of bank cash withdrawal limits helps customers make informed decisions about how to access their funds and avoid unnecessary fees. Whether it’s through savings accounts, current accounts, ATMs, branches, or online transfers, each method comes with its own set of limits.
Let’s take a closer look at the different types of bank withdrawal limits, starting with savings account cash withdrawal limits.
Savings Account Cash Withdrawal Limits
Bank cash withdrawal limits for savings accounts are generally lower since they are designed for personal savings rather than frequent or large business transactions. Savings account holders can usually withdraw between INR 10,000 and INR 50,000 daily via ATM or other withdrawal methods according to the bank’s policies. Some banks may offer higher limits for premium accounts or higher account balances, providing more flexibility for customers who require larger withdrawals.
Below is a table providing an overview of popular bank savings account cash withdrawal limits. Please refer to it for a better understanding:
| Bank Name | ATM Withdrawals | In-Branch Withdrawals | Cheque Withdrawals | Online Transactions |
| State Bank of India (SBI) | INR 40,000 | INR 1,00,000 | INR 1,00,000 | INR 1,00,000 ( via UPI), INR 25,00,000 ( via NEFT), INR 5,00,000 ( via IMPS) |
| HDFC Bank | INR 50,000 | INR 1,00,000 | Up to INR 1,00,000 | INR 1,00,000 ( via UPI), INR 2,00,000 (via Net Banking) |
| ICICI Bank | INR 50,000 – INR 2,50,000 | INR 1,00,000 | INR 50,000 | INR 5,00,000 (by iMobile & Net Banking), INR 1,00,000 (by Net Banking) |
| Axis Bank | Up to INR 50,000 | Up to INR 1,00,000 | Up to INR 1,00,000 | Up to INR 1,00,000 ( via UPI), INR 5,00,000 ( via Net Banking) |
| Kotak Mahindra Bank | Up to INR 25,000 | Up to INR 5,00,000 | INR 1,00,000 to INR 2,00,000 | Up to INR 50,000 ( by Net Banking), INR 1,00,000 (Net Banking & UPI) |
| IndusInd Bank | INR 25,000 to INR 1,00,000 | Up to INR 2,00,000 (per month) | INR 24,000 (weekly limit) | INR 2,00,000 (via IMPS), INR 1,00,000 (via UPI) |
| Bank of Baroda | INR 25,000 to INR 50,000 | Up to INR 50,000 | Up to INR 50,000 | INR 25,000 (2 transactions/day via Internet Banking), INR 2,00,000 (by Net Banking) INR |
Please Note: Cash withdrawal limits for saving accounts may change based on bank policies. Always verify with your bank for the most updated information.
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Current Account Cash Withdrawal Limits
Bank cash withdrawal limits for current accounts are often higher than saving accounts, as businesses typically require more frequent and larger transactions. Current account withdrawal limits per day vary from INR 50,000 to INR 1,00,000 or more, depending on the bank and account type.
Different banks have different types of bank cash withdrawal limits. Let’s take an overview of popular bank current account cash withdrawal limits for a better understanding:
| Bank Name | Current Account Type | Daily Withdrawal Limit (INR) |
| State Bank of India (SBI) | Regular Current Account | Up to INR 1,00,000 (non-branch) |
| HDFC Bank | HDFC Premium Current Account | Up to INR 2,00,000 (for accounts older than 6 months) |
| ICICI Bank | ICICI Business Current Account | Up to INR 50,000 (non-branch) |
| Axis Bank | Axis Bank Current Account | Up to INR 1,00,000 |
| Punjab National Bank (PNB) | PNB Current Account | INR 25,000 |
| Canara Bank | Canara Current Account | INR 75,000 (Classic Debit Card), INR 1,00,000 (RuPay Select Debit Card) |
| Bank of Baroda | Baroda Simplified Current Account | INR 50,000 (Cheque only) |
| Union Bank of India | Union Current General Account | INR 25,000 (ATM), INR 50,000 (POS) |
| IDBI Bank | IDBI Current Account | Up to INR 1,00,000 |
| Indian Bank | Indian Bank Current Account | INR 25,000 (most debit cards), INR 2,00,000 (Rupay International Platinum Card) |
| Kotak Mahindra Bank | Kotak Elite Current Account | INR 1,00,000 |
| YES Bank | YES Business Account | INR 1,00,000 |
| UCO Bank | UCO Business Current Account | INR 50,000 |
Please Note: Cash withdrawal limits for current accounts may change based on bank policies. Always verify with your bank for the most updated information.
Bank ATM Cash Withdrawal Limits
ATM cash withdrawal limits determine the amount of money that can be withdrawn via ATM within a single day from the account. The bank cash withdrawal limit for ATMs depends on the bank, type of account, and the type of debit card you hold.
Let’s take a look at the bank ATM cash withdrawal limits for various banks according to their cards:
| Bank | Card Type | ATM Cash Withdrawal Limit (Domestic) | ATM Cash Withdrawal Limit (International) | Other Limits |
| Axis Bank | Other Bank ATMs | INR 10,000 per transaction | N/A | |
| Axis Bank Visa Classic/Platinum | N/A | N/A | Daily Limit: INR 40,000 | |
| Axis Bank Priority Debit Card | N/A | N/A | Daily Limit: INR 1,00,000 | |
| Canara Bank | Classic/Standard Cards | INR 75,000 daily | N/A | Minimum Withdrawal: INR 100 |
| Platinum/Select/Business Cards | INR 1,00,000 daily | N/A | ||
| IndusInd Bank | Platinum | INR 1,00,000 | N/A | POS Limit: INR 2,00,000 |
| Platinum Select | INR 1,50,000 | N/A | POS Limit: INR 3,00,000 | |
| Platinum Exclusive | INR 2,00,000 | N/A | POS Limit: INR 4,00,000 | |
| Regular (Non-Chip Card) | INR 5,000 | Not Available | ||
| Gold (Chip Card) | INR 10,000 | INR 1,50,000 | ||
| Platinum (Chip Card) | INR 25,000 | INR 2,00,000 | ||
| Platinum Select (Chip Card) | INR 25,000 | INR 3,00,000 | ||
| Platinum Exclusive (Chip Card) | INR 25,000 | INR 4,00,000 | ||
| Business Platinum | INR 25,000 | INR 1,25,000 | ||
| Business Platinum Select/Exclusive | INR 25,000 | INR 1,75,000 | ||
| SBI Bank | SBI Global International Debit Card | INR 40,000 | INR 75,000 | |
| SBI Gold International Debit Card | INR 50,000 | INR 2,00,000 | ||
| SBI Platinum International Debit Card | INR 1,00,000 | INR 2,00,000 | ||
| SBI My Card International Debit Card | INR 40,000 | INR 75,000 | ||
| Bank of Baroda | BOB Debit Cards | INR 15,000 per transaction | N/A | |
| bob World VISA Sapphire Debit Card | INR 15,000 per transaction | N/A | ||
| Visa Platinum DI Debit Card | INR 50,000 daily | N/A | ||
| bob World VISA Opulence Debit Card | INR 15,000 per transaction | N/A | ||
| bob World Agniveer Debit Card | Unlimited free usage at BOB ATMs | N/A |
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Factors Influencing Bank Cash Withdrawal Limits
Factors influencing bank cash withdrawal limits explore the key elements that determine how much cash you can withdraw from your bank account daily. These factors include account type, card type, transaction method, and regulatory guidelines. Let’s understand them one by one!
Type of Card
The type of debit card you have will significantly impact your bank cash withdrawal limit. Premium cards, like Platinum or World debit cards, often have higher limits compared to regular cards. For example:
- SBI Platinum International Debit Card offers INR 1,00,000 daily for domestic withdrawals.
- Axis Bank Priority Debit Card allows INR 1,00,000 daily.
Account Type
Your bank account type also plays a role in determining bank cash withdrawal limits. Premium accounts (like business or high-net-worth accounts) typically come with higher limits. Regular savings or current accounts tend to have lower limits to accommodate basic cash needs.
Transaction Method
The method you choose to withdraw cash can affect your bank cash withdrawal limit:
- ATM Withdrawals: Typically, INR 10,000 to INR 50,000 for regular accounts.
- Branch Withdrawals: Often, INR 5,00,000 to INR 10,00,000, depending on the bank.
- Online Withdrawals: Some banks allow large transactions through digital payment methods like RTGS, NEFT, or UPI.
Location
A bank cash withdrawal limit can also vary depending on whether you are using an urban ATM, rural ATM, domestic ATM, or international ATM. Urban ATMs typically have higher limits compared to rural ATMs, reflecting the transaction volume and demand in these areas. International ATMs may have lower limits due to security concerns and currency conversion rates.
Latest Charges on Bank Cash Withdrawals Limits
Banks usually offer free transactions up to a certain limit each month. After the bank cash withdrawal limit is exceeded, banks charge additional fees to cover operational costs and manage liquidity.
Also, various charges apply if you are using your debit cards for international withdrawals or online purchases. These include withdrawal charges at an international ATM, cross-currency markup charges, dynamic currency conversion charges, and more.
Let’s check out the latest charges on bank cash withdrawal limits:
Non-Home Branch Cash Withdrawal Charges:
For withdrawals at a non-home branch, charges typically range from INR 2 per INR 1,000 withdrawn, with a minimum of INR 50 per transaction.
ATM Withdrawal Charges:
- State Bank of India (SBI): INR 10 + GST (at SBI ATMs); INR 20 + GST (at other bank ATMs)
- HDFC Bank: INR 21 per transaction after exceeding the free limit
- Axis Bank: INR 21 per transaction for non-home bank ATMs
International ATM Withdrawal Charges:
- HDFC Bank: INR 125 + applicable taxes per transaction
- Other banks: Charges may range from INR 100 to INR 300.
For international transactions, cross-currency markup charges and dynamic currency conversion (DCC) fees are applicable.
- A cross-currency markup fee of 3.5% is applied to foreign currency withdrawals.
- Dynamic Currency Conversion (DCC) Charges are incurred when you choose to pay in your home currency during international transactions, often at a less favourable exchange rate.
How to Increase Your Bank Cash Withdrawal Limit?
If your current bank cash withdrawal limit isn’t sufficient according to your needs, you can request an increase. Most banks allow customers to request a higher limit, either temporarily or permanently. Here’s how:
- Contact your bank: Call customer service, use mobile banking, or visit a branch.
- Provide valid reasons: For example, if you are making a large purchase, a business transaction, or travelling abroad.
- Submit documentation: Banks may ask for documents like proof of income, tax returns, or account history.
- Request a temporary or permanent increase: Depending on your need, you can opt for a temporary limit increase or upgrade to a premium account for a higher permanent limit.
How to Manage Bank Cash Withdrawal Limits?
Managing your bank cash withdrawal limits helps ensure you always have access to the money you need. By planning, adjusting your limits when necessary, and using other payment options like digital transfers or cheques, you can avoid hitting daily limits and keep your finances running smoothly.
To avoid exceeding your withdrawal limits, here are a few tips to manage bank cash withdrawal limits:
- Plan your withdrawals: If you need a large sum of money, try to plan your withdrawals over multiple days.
- Use alternate payment methods: For large transactions, use cheques, bank transfers, or digital payment platforms like UPI or RTGS.
- Request a higher limit: If you frequently need large amounts, consider upgrading to a premium account with higher withdrawal limits.
Understanding your bank cash withdrawal limit is essential for managing your finances effectively. Whether you are using an ATM, making a branch withdrawal, or handling business transactions, knowing your limits helps you avoid unnecessary fees and ensures that you can access the funds you need when you need them.
By considering factors like account type, card type, transaction method, and location, you can optimize your withdrawal strategy. Always stay updated with your bank’s policies and guidelines, as bank cash withdrawal limits may change based on regulatory requirements or internal bank policies.
FAQs on Bank Cash Withdrawal Limit
The bank cash withdrawal limit refers to the highest amount of money you can withdraw from your account within a given timeframe, usually a day. The limit varies depending on factors like your account type, bank policies, and the withdrawal method.
To increase your bank cash withdrawal limit, you can request a temporary or permanent limit increase by contacting your bank. you’ll need to provide valid reasons, such as a large business transaction or upcoming travel, and sometimes documentation like proof of income or tax returns.
The daily ATM withdrawal limit generally ranges from INR 10,000 – INR 50,000 for regular accounts. Premium cards may offer higher limits, from INR 50,000 – INR 2,00,000 daily, depending on the bank.
For savings accounts, the withdrawal limits typically range from INR 10,000 to INR 50,000 daily via atm. Some banks may offer higher limits for premium accounts or accounts with higher balances.
The bank cash withdrawal limit for current accounts is usually higher, ranging from INR 50,000 – INR 1,00,000 or more, according to the bank and type of account. Business accounts typically have higher limits to accommodate frequent transactions.
Your bank cash withdrawal limit depends largely on the type of account you have. Premium accounts or business accounts tend to offer higher withdrawal limits compared to regular savings or current accounts.
When you exceed the bank cash withdrawal limit, some banks charge additional fees. For example, ATM withdrawals beyond the free limit may cost INR 20 to INR 21 per transaction. Similarly, non-home branch withdrawals can incur a charge of INR 2 per INR 1,000 withdrawn.
Yes, you can withdraw larger amounts at a bank branch, where the bank cash withdrawal limit is typically much higher—ranging from INR 5,00,000 to INR 10,00,000 or more, subject to the bank and type of account.
The international ATM withdrawal limit varies by bank. On average, you can withdraw INR 1,00,000 to INR 2,00,000 daily from international ATMs, but foreign currency conversion charges and additional fees may apply.
To manage your bank cash withdrawal limit, plan your withdrawals, spread large transactions over multiple days, and consider using alternative payment methods like cheques or digital transfers for high-value transactions.
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