SBI or State bank of India is a famous bank which has the largest no. of customers in all over India. And after demonetization, it has received a large amount of cash from the all the customers. Through many modes like increasing its minimum balance, Charges on minimum balance, decreasing their interest rates on term deposits etc.
After a long a time it has introduced something new for the customer by decreasing on the minimum balance for the customers and increasing ATM withdrawal limit. SBI or State Bank of India offers various ATM-cum-debit card options to its customers when it comes to cash withdrawal limit and limits for online transactions.
SBI customers can now withdraw up to Rs. 2 lakh per day and make online transactions worth Rs. 5 lakh per day using SBI ATM-cum-debit cards. However, the daily cash withdrawal limit for SBI account holders varies depending on the type of card.
Selecting the banking option on an SBI ATM, a customer can withdraw cash, change the ATM PIN, enquire about the balance, generate a mini statement and make a card-to-card transfer up to Rs. 40,000 per day, among other tasks. The customer can also make a credit card payment, an SBI life insurance premium payment, purchase a mobile top-up, request for a cheque-book etc.
SBI ATM Withdrawal Rules:
SBI has said that its savings bank customers will get eight free ATM transactions a month (five at SBI ATMs and three at ATMs of other banks) in metro cities. And 10 free transactions in non-metro cities (five at SBI ATMs and five at ATMs of other banks).
However, customers of SBI’s basic savings bank deposit account will get only four free ATM withdrawals per month, SBI added. After the four free ATM withdrawals, customers of Basic Savings Bank Account will be charged Rs. 50 plus tax for cash withdrawal at an SBI branch, Rs. 20 plus tax at other bank ATMs and Rs. 10 plus tax at SBI ATMs.