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SBI’s new ATM cash withdrawal limit reduce to ₹40,000 to ₹20,000

State Bank of India (SBI) India’s biggest lender new ATM cash withdrawal rules, applicable on daily cash withdrawal limits for Classic and Maestro debit cards reduced from ₹40,000 to ₹20,000 per day with effect from 31 October 2018. SBI has lowered the daily ATM cash withdrawal limit to prevent fraudulent transactions at ATMs and to promote digital transactions, the increase in the number of complaints received by banks around fraudulent transactions at ATMs it has been decided to decrease the cash withdrawal limits of debit cards.

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October 01 2018
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