ATMs can decline cash withdrawal transactions even if your account is not empty. This is because banks set ATM cash withdrawal limits. They’re set to balance convenience, security, and financial planning.
The withdrawal limits can vary widely ranging from INR 20,000 to 1 lakh. They are carefully capped based on the card type (debit or credit), account type, and bank-specific policies.
Your card may have stricter limits if you withdraw cash at an international ATM. Additional charges are applicable for such transactions. Knowing the latest and updated ATM cash withdrawal limits can save you from awkward moments or added costs. Let’s explore the details.
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Daily ATM Cash Withdrawal Limits
Daily ATM cash withdrawal limits refer to the amount of cash you can withdraw from the ATM daily. vary by bank and account type in India. These limits allow for secure transactions.
Most banks set standard daily withdrawal limits between INR 10,000 to INR 50,000 for regular accounts. Customers with premium debit cards can often withdraw higher amounts, ranging from INR 50,000 to INR 3,00,000.
For example, the SBI daily withdrawal limit for a Classic Debit Card is INR 40,000, but you can withdraw cash up to INR 1,00,000 (domestic) and up to INR 2,00,000 (internationally) on SBI International Platinum Debit Card.
- Exceeding the free transaction limits may incur additional charges on daily limits.
- Some banks allow customers to increase their ATM withdrawal limits through their banking apps or customer service.
- ATM cash withdrawal limits are subject to change based on bank policies and regulations.
Bank-Specific ATM Cash Withdrawal Limits
The bank sets the cash withdrawal limit for its ATMs when issuing the card, based on the type of account or card. Thus, different banks offer different ATM cash withdrawal limits.
State Bank of India
SBI’s savings account cash withdrawal limit via ATM ranges between INR 25,000 to 1,00,000 per day. The amount of cash you can withdraw also depends on the type of debit card associated with the SBI account.
Here’s the SBI ATM cash withdrawal limit per day if you have the following debit cards-
| SBI Debit Card | ATM Cash Withdrawal Limit |
| SBI Global International Debit Card | Domestic- INR 40,000 International- INR 75,000 |
| SBI Gold International Debit Card | Domestic- INR 50,000 International- INR 2,00,000 |
| SBI Platinum International Debit Card | Domestic- INR 1,00,000 International- INR 2,00,000 |
| SBI My Card International Debit Card | Domestic- INR 40,000 International- INR 75,000 |
Also Read: Discover the YONO cash withdrawal limits from SBI. Learn about the maximum and minimum limits for withdrawing cash.
Axis Bank
The daily ATM cash withdrawal limit for Axis Bank ranges from INR 25,000 to 50,000. If you have a premium account or international debit card, you can withdraw a higher amount of cash.
- For cash withdrawals at other bank ATMs, Axis Bank maintains a limit of INR 10,000 per transaction.
- The daily ATM cash withdrawal limit for Axis Bank Visa Classic/ Platinum Debit Card is INR 40,000.
- You can cash withdraw up to INR 1,00,000 if you have an Axis Bank Priority Debit Card.
Bank of Baroda
For ATM cash withdrawal limits at Bank of Baroda (BOB), the bank allows a maximum of INR 15,000 per transaction at BOB ATMs using its debit cards. For debit cards from other banks, the limit per transaction is INR 10,000. The daily cash withdrawal limit depends on the type of BOB debit card you hold.
| Card Type | ATM Cash Withdrawal Limit |
| BOB Debit Cards | INR 15,000 per transaction |
| bob World VISA Sapphire Debit Card | INR 15,000 per transaction |
| Visa Platinum DI Debit Card | INR 50,000 per day |
| bob World VISA Opulence Debit Card | INR 15,000 per transaction |
| bob World Agniveer Debit Card | Unlimited free ATM usage at all BOB ATMs |
Canara Bank
The daily ATM withdrawal limit is usually up to INR 75,000 per day for Canara Bank debit cards. However, the limits also vary based on the type of card you have. Check out the details below-
- Classic/Standard Cards: INR 75,000 per day
- Platinum/Select/Business Cards: INR 1,00,000 per day
- The minimum withdrawal limit for all Canara Bank debit cards is INR 100.
IndusInd Bank
IndusInd Bank offers varying daily ATM cash withdrawal limits based on the type of card. For domestic transactions, the limits range from INR 1,00,000 for Platinum cards to INR 2,00,000 for Platinum Exclusive cards.
International debit cards have higher limits, which depend on whether you are using chip or non-chip cards.
Domestic Limits
| Card Type | ATM Withdrawal Limit (INR) | POS Limit (INR) |
| Platinum | 1,00,000 | 2,00,000 |
| Platinum Select | 1,50,000 | 3,00,000 |
| Platinum Exclusive | 2,00,000 | 4,00,000 |
International Limits
| Card Type | Non-Chip Card Limit (INR) | Chip Card Limit (INR) |
| Regular | 5,000 | Not Available |
| Gold | 10,000 | 1,50,000 |
| Platinum | 25,000 | 2,00,000 |
| Platinum Select | 25,000 | 3,00,000 |
| Platinum Exclusive | 25,000 | 4,00,000 |
| Business Platinum | 25,000 | 1,25,000 |
| Business Platinum Select/Exclusive | 25,000 | 1,75,000 |
Latest Charges on ATM Cash Withdrawals
The bank charges ATM cash withdrawal transactions if a customer exceeds their bank’s set limit. Banks usually offer 5 free transactions per month at their ATMs, after which fees apply.
After exceeding these limits, banks generally charge around INR 21 per transaction, plus applicable taxes. This fee was revised from INR 20 to INR 21 as per new rules on cash withdrawal by RBI guidelines effective January 1, 2022.
For instance, the State Bank of India (SBI) charges INR 10 + GST for financial transactions at its ATMs and INR 20 + GST at other banks’ ATMs beyond the free limit.
The charges help cover transaction costs and manage cash flow, and exceeding the limit may signal potential fraud.
Charges for International ATM Cash Withdrawals
When withdrawing cash from ATMs abroad, additional fees come into play. Most Indian banks charge a flat fee for cash withdrawals made at international ATMs. They also charge balance enquiry fees and cross-currency markup fees for foreign transactions.
| Fees | Applicable Charges |
| International ATM cash withdrawal fees | INR 100 – 300 Example- HDFC Bank charges INR 125 + applicable taxes per cash withdrawal at international ATMs. |
| Balance Enquiry Fees | INR 20 – 50 per transaction Example- DFC Bank charges INR 25 + applicable taxes for such inquiries. |
| Cross-Currency Markup Fees | 3.5% markup on the transaction amount when withdrawing cash in foreign currency. |
Also Read: Check current account withdrawal limits per day. Discover the maximum amount you can withdraw per day and the charges you may incur.
Factors Affecting ATM Cash Withdrawal Limits
ATM cash withdrawal limits can vary widely based on several factors. These are the card type, account type, and location while withdrawing cash. Understanding these factors can help you manage your finances better and avoid inconvenience when accessing cash.
Type of Card
Your ATM cash withdrawal limit varies based on the type of card you use. Most banks offer lower withdrawal limits for standard debit cards, typically ranging from INR 10,000 to INR 25,000 per day.
Premium cards, such as those offered by HDFC, SBI, or ICICI, often have higher limits, allowing withdrawals of up to INR 1,00,000 or more per day depending on the card type.
Type of Account
The type of account you have with the bank is another factor that determines the ATM cash withdrawal limits. Basic savings accounts usually have lower withdrawal limits, often around INR 20,000 to INR 25,000 per day.
However, customers with premium accounts may enjoy higher withdrawal limits, which can range from INR 50,000 to INR 2,50,000 per day.
Location
The ATM cash withdrawal limit also depends on whether you withdraw cash at a domestic ATM or internationally.
Domestic ATMs typically have different limits compared to international ATMs. For instance, international withdrawals may be capped at a lower amount (e.g., INR 10,000 or equivalent) due to security concerns and currency exchange rates.
Besides, different ATM providers may impose their limits regardless of the bank’s policies. For example, an ATM in a high-traffic area might have a lower limit to prevent running out of cash quickly.
How to Increase ATM Cash Withdrawal Limits?
If you find that your current ATM withdrawal limit is insufficient for your needs, there are several ways you can request an increase. The simple way is to call or visit your bank’s branch and request an increase in your withdrawal limit.
However, you need to provide documentation and valid reasons. This is because banks are also required to comply with the limits mandated by the Reserve Bank of India. Here are the steps you can follow to increase your ATM cash withdrawal limit-
- You can call your bank’s customer service, use their online banking platform, or visit a branch.
- Inform them that you wish to raise your ATM withdrawal limit.
- Provide reasons for the request, such as a significant purchase or upcoming travel.
- The bank may request documents, including proof of income or your account history.
- You will receive confirmation of the increase via email, text message, or both.
This was all about ATM cash withdrawal limits. Understanding these limits ensures that you have access to the funds you need when you need them.
FAQs
The maximum amount you can withdraw from an ATM varies by bank and card type, typically ranging from INR 20,000 to INR 1,00,000 daily, with premium cards allowing higher amounts.
Daily ATM cash withdrawal limits generally range from INR 10,000 to INR 50,000 for regular accounts, while premium accounts can allow withdrawals up to INR 1,00,000 or more.
The daily ATM cash withdrawal limit for Axis Bank typically ranges from INR 25,000 to INR 50,000 depending on the type of debit card. For premium accounts or international debit cards, the limit can go up to INR 1,00,000.
The State Bank of India’s ATM cash withdrawal limit varies by card type. For example, the SBI Global International Debit Card allows a domestic withdrawal of INR 40,000 and an international withdrawal of INR 75,000 at one time.
Bank of Baroda allows a maximum cash withdrawal limit of INR 15,000 per transaction at its ATMs. For debit cards from other banks, the limit is INR 10,000 per transaction.
Canara Bank typically sets its daily ATM withdrawal limit at INR 75,000 for standard cards and up to INR 1,00,000 for premium or business cards.
For IndusInd Bank, the daily ATM cash withdrawal limits vary by card type. Platinum cards allow withdrawals up to INR 1,00,000, while Platinum Exclusive cards permit withdrawals up to INR 2,00,000 within a day.
Most banks offer around 5 free transactions per month at their own ATMs. After this limit is exceeded, additional fees apply for each transaction made at both their own and other bank’s ATMs.
Yes, exceeding your bank’s set limits may incur additional charges. Most banks charge around INR 21 per transaction after exceeding the free transaction limits.
Yes, you can request an increase in your ATM cash withdrawal limits by contacting your bank’s customer service or visiting a branch. You may need to provide valid reasons and documentation.
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