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SBI vs. PNB vs. ICICI Bank vs. HDFC Bank: When opening a bank savings account, the customer checks interest rates, fees associated with the account, and liquidity. However, cash withdrawal limits are just as important, and savings account owners need to be aware of the cash withdrawal limits imposed by lenders. Recently, the State Bank of India (SBI) has raised its cash withdrawal limit through checks and withdrawal forms from non-home country branches. The country’s largest commercial bank has decided to do this to assist its customers during the Covid-19 pandemic.
Here is a list of cash withdrawal limits limited by major Banks of India.
1]State Bank of India or SBI: SBI customers can now withdraw ￡25,000 cash per day from a branch office other than your home using a withdrawal form with a passbook. Your cash withdrawal limit using a check is ￡The maximum amount of cash withdrawal by a third party (checks only) is 10,000 rupees. ￡50,000.
2]Punjab National Bank or PNB: PNB offers its customers three types of debit cards: platinum, classic and gold. According to the owner of the PNB Platinum Debit Card, PNB’s official website, the daily cash withdrawal limit is ￡50,000; One-time cash withdrawal limit ￡20,000 and ECOM / POS integration limits ￡15,000 rupees. If you have a PNB Classic Debit Card, the daily cash withdrawal limit is ￡25,000; One-time cash withdrawal limit ￡20,000 and ECOM / POS integration limits ￡60,000. If you have a PNB Gold Debit Card, the daily cash withdrawal limit is ￡50,000; One-time cash withdrawal limit ￡20,000 and ECOM / POS integration limits ￡15,000 rupees.
3]ICICI Bank: From August 1, 2021, ICICI Bank customers’ head office cash withdrawal limit will be ￡Rs 10,000 — monthly, per account. At branches other than your home, there is no charge for cash transactions at the maximum. ￡25,000 per day.For third-party transactions, the limit is set to ￡25,000 per day.
4]HDFC Bank: The official website of HDFC Bank says, “You can get cash anytime, anywhere from our network of over 12,000 ATMs. You can withdraw cash from ATMs other than HDFC Bank. You can withdraw up to cash. ￡10,000 per day using an ATM card from HDFC Bank ATM ￡Over 25,000 with debit cards (depending on the type of card you have). During bank hours, you can visit a branch office of HDFC Bank to withdraw cash using a withdrawal slip, or check or deposit cash after filling out a deposit slip. You can also deposit cash at a branch office or ATM. “
The HDFC Bank website added that the maximum cash withdrawal limit at branches outside the home country is free. ￡10,000 rupees per day.Third party cash withdrawal limit ￡50,000 per transaction.
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