Are you looking for information on Indian Bank cash withdrawal limits to avoid any unexpected hassle at the time of cash withdrawal? Whether you want to withdraw money from an ATM, branch or online transaction, it is essential to understand the Indian Bank cash withdrawal limits on a daily and monthly basis for smooth banking.
In this detailed guide, we will simplify everything about Indian Bank cash withdrawal limits. We’ll cover everything from types of account-type cash withdrawal limits to ATM cash withdrawal limits, penalties for exceeding these limits, and more!
Table of contents
- What is the Indian Bank Cash Withdrawal Limit?
- Indian Bank Cash Withdrawal Limits Based on Debit Card Type
- Indian Bank Cash Withdrawal Limits by Account Type
- Indian Bank Online Transaction Limits
- Factors Influencing Indian Bank Cash Withdrawal Limit
- How to Check and Adjust Your Indian Bank Cash Withdrawal Limit
- FAQs on Indian Bank cash withdrawal limit
What is the Indian Bank Cash Withdrawal Limit?
Indian Bank cash withdrawal limits determine the maximum amount you can take out from an account through ATMs, bank branches or online transactions in a single day or in a month. However, the Indian Bank cash withdrawal limits vary based on various account types, debit or credit card types, online transaction modes, and regulatory guidelines.
In India, the RBI and banks have set daily cash withdrawal limits to ensure security and minimize the risk of fraudulent activities. Indian Bank, adhering to these guidelines, offers specific limits for cash withdrawals across different transaction channels.
Let’s take an overview of Indian Bank cash withdrawal limits across different modes:
| Type of Cash Withdrawal | Cash Withdrawal Limit |
| Indian Bank ATM Withdrawals | Up to INR 10, 000 to 1,00,000 per Day |
| ATM Withdrawals (Non-Indian Bank ATMs) | INR 10,000 per transaction |
| Indian Bank Branch Withdrawals | INR 10,000 per day (unlimited) |
| IndOasis MOBILE APP | Up to INR 10,000 per day |
| OTP-Based Cardless Cash Withdrawal Using Static PIN From ATM/BNAs | INR 2,000 per transaction and per day. |
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Indian Bank Cash Withdrawal Limits Based on Debit Card Type
Indian Bank sets different ATM withdrawal limits depending on the type of debit card a customer holds, ensuring they meet various financial needs. The Indian Bank cash withdrawal limit also depends on whether the card is an Indian Bank international debit card or a domestic debit card.
Here are the different Indian Bank debit cards that offer varying withdrawal limits.
| Card Type | ATM Withdrawal Limit (INR) | POS/Online Transaction Limit (INR) | Key Features |
| RuPay Platinum Card (Contact) | 50,000 | 1,00,000 | Insurance cover, airport lounge access, and other offers. |
| RuPay Platinum Card (Contactless) | 50,000 | 1,00,000 | Contactless POS up to INR 5,000, NCMC support for offline transactions, lounge access. |
| RuPay International Platinum Card (Contact) | 1,00,000 | 2,00,000 | International use, insurance cover, airport lounge access. |
| RuPay Debit Select Card (Contactless) | 50,000 | 1,00,000 | Contactless POS up to INR 5,000, insurance cover up to INR 10 Lakh, lounge access. |
| RuPay Classic Contactless Card (NCMC) | 25,000 | 25,000 | Contactless POS up to INR 5,000, NCMC support, lower annual maintenance charges. |
| IB DIGI – RuPay Classic Card | 10,000 | 10,000 | No lounge access or insurance, lower annual maintenance charges. |
| IB DIGI – RuPay Classic Card (Contactless) | 10,000 | 10,000 | Contactless POS up to INR 5,000, no lounge access or insurance. |
| Senior Citizen Debit Card (Contact) | 25,000 | 50,000 | No annual charges, photo, blood group, and DOB printed on card. |
| PMJDY Card (Contact) | 25,000 | 25,000 | Overdraft facility, insurance cover, no annual charges. |
| PMJDY Card (Contactless) | 25,000 | 25,000 | Contactless POS up to INR 5,000, insurance cover, no annual charges. |
| Kalaignar Magalir Urimai Thittam (KMUT) | 10,000 | 10,000 | Contactless POS up to INR 5,000, no insurance or lounge access. |
| RuPay Kisan Card (Contactless) | 10,000 | 15,000 | Contactless POS up to INR 5,000, no annual charges. |
| MUDRA Card | 10,000 | 10,000 | For MUDRA loan customers in the MSME segment. |
| MasterCard World (Contact) | 50,000 | 1,00,000 | International use, complimentary lounge access (limited). |
| MasterCard World Platinum (Contactless) | 50,000 | 1,00,000 | Contactless POS up to INR 5,000, international use, lounge access (limited). |
Indian Bank Cash Withdrawal Limits by Account Type
Indian Bank offers varying cash withdrawal limits depending on the type of account held by a customer. Here’s a breakdown of the cash withdrawal limits based on different account types:
Indian Bank Cash Withdrawal Limits for Savings Accounts
For those who want to know the savings account limit, it will depend on the type of debit card they have. However, the number of withdrawals in savings accounts should be limited to 50 for each half-year.
Indian Bank Cash Withdrawal Limits for Current Accounts
Indian Bank sets customised cash withdrawal limits for its current account holders, catering to the diverse requirements of businesses and professionals. The current account withdrawal limits per day are set depending on factors such as the account type, account age, and the withdrawal method.
Here are the Indian Bank Cash withdrawal limits for different current accounts:
IB i-Freedom Current Account Withdrawal Limits
| IB i-Freedom Current Account Variant | Cash Withdrawal Charges in Non-Home Branches |
| COOL | Up to INR 50,000 – Free |
| Above INR 50,000 – INR 2 per INR 1,000 (minimum INR 25) | |
| PLUS | Up to INR 50,000 – Free |
| Above INR 50,000 – INR 2 per INR 1,000 (minimum INR 25) | |
| PRIME | Up to INR 50,000 – Free |
| Above INR 50,000 – INR 2 per INR 1,000 (minimum INR 25) |
IB RERA Current Account Withdrawal Limits
| IB RERA Current Account | Details |
| Deposit Requirement | Promoters must deposit 70% of sale proceeds in a designated bank account. |
| Retention | Promoters can retain 30% of the amount for administrative costs. |
| Withdrawal Condition | To withdraw the 70%, the promoter must submit a CA certificate in Form 3. |
Indian Bank Online Transaction Limits
Indian Bank offers a range of online transaction services, including RTGS, NEFT, and UPI, each with specific transaction limits and charges to ensure seamless financial operations for its customers. Here are the Indian Bank online transaction limits for various transactions:
Indian Bank RTGS Transaction Limit
- Purpose: RTGS is designed for high-value transactions.
- Minimum Transaction Limit: INR 2,00,000
- Maximum Transaction Limit: There is no upper limit for RTGS transactions.
Indian Bank NEFT Transaction Limit
- Transaction Limits: There is no minimum or maximum stipulation for NEFT transactions, allowing flexibility for both small and large payments.
- Methods of Execution:
- Online: Customers can access NEFT services through Internet banking, mobile banking, or the Indian Bank application.
- Offline: To process NEFT transactions offline, customers must complete the NEFT application form and submit it at any Indian Bank branch.
NEFT Transaction Charges
| Transaction Amount | NEFT Charges |
| Up to INR 10,000 | INR 2.50 + GST |
| INR 10,000 – INR 1 Lakh | INR 5 + GST |
| INR 1 Lakh to INR 2 Lakhs | INR 15 + GST |
| Above INR 2 Lakhs | INR 25 + GST |
Indian Bank UPI Transaction Limit
- Daily Transaction Limit: The daily transaction limit for the Indian Bank UPI app is INR 1,00,000.
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Factors Influencing Indian Bank Cash Withdrawal Limit
Various factors influence the Indian bank cash withdrawal limit, from the type of account you hold to the specific debit card you use. Understanding these factors can help you optimize your banking experience, ensuring you have the flexibility to access funds when needed while also staying within the bank’s policies. These include:
- Account Type: Premium accounts generally offer higher withdrawal limits.
- Card Type: Higher-tier cards like RuPay Platinum or MasterCard World typically come with higher limits.
- Bank Policies: The Indian Bank periodically reviews and adjusts its policies on cash withdrawals, based on regulatory guidelines and internal assessments.
How to Check and Adjust Your Indian Bank Cash Withdrawal Limit
Indian Bank customers can check and modify Indian Bank cash withdrawal limits through various methods:
- Online Banking: Log into your account to view and request changes to your withdrawal limits.
- Mobile Banking App: Use the bank’s app to monitor and adjust your limits.
- Customer Service: Contact Indian Bank’s customer support for assistance in adjusting your withdrawal limits.
FAQs on Indian Bank cash withdrawal limit
The Indian Bank cash withdrawal limit refers to the maximum amount a customer can withdraw in a day or a month from ATMs, bank branches, or through online transactions. These limits vary depending on the type of account, debit card, and mode of transaction.
Indian Bank ATM cash withdrawal limits range from INR 10,000 to INR 1,00,000 per day, depending on the account type and card type. Non-Indian Bank ATMs have a limit of INR 10,000 per transaction.
Yes, Indian Banks allow unlimited limit withdrawals at branches, but the daily limit for cash withdrawal from a branch is INR 10,000 for most accounts.
The Indian Bank cash withdrawal limit through the IndOasis mobile app is INR 10,000 per day.
The OTP-based cardless cash withdrawal using a static PIN at Indian Bank ATMs is limited to INR 2,000 per transaction and per day.
Yes, Indian Bank set different withdrawal limits for various debit cards. For example, RuPay Platinum cards may allow up to INR 1,00,000 withdrawal, while other cards may have lower limits.
Indian Bank cash withdrawal limits for savings accounts depend on the type of debit card. Additionally, there is a limit of 50 withdrawals per half-year for savings accounts.
Typically, you cannot exceed the daily withdrawal limit. However, for higher withdrawals, you may need to visit the branch directly or request an increase in your limit through customer service or online banking.
You can check your Indian Bank cash withdrawal limit by logging into your online banking account, using the mobile banking app, or contacting customer service.
Yes, you can request an increase in your withdrawal limit through online banking, the Indian Bank mobile app, or by contacting customer service, subject to bank policies and account type.
Hope this blog was able to help you with the Indian Bank cash withdrawal limit. If you have any doubts, please feel free to reach out via the comment box.
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