ATM withdrawal limits for some banks - Fusion - WeRIndia

ATM withdrawal limits for some banks

ATM withdrawal limits for some banks

In order to regulate the ATM transactions of customers, almost all banks are imposing charges.

The ATM withdrawal limits of banks vary based on the type of cards and the cities in which they are used.

The six metro cities including Mumbai, Delhi, Chennai, Kolkata, Bengaluru, and Hyderabad have different limits from the rest of the cities in the country.

Here are the ATM withdrawal limits of SBI, HDFC and ICICI banks and charges imposed by them:


State Bank of India (SBI) reduced its daily withdrawal limit from ₹40,000 to ₹20,000 since October 2018. This is applicable to Classic and Maestro debit cards. SBI allows any number of transactions at an SBI ATM per month. However, in other ATMs, 3 free transactions are allowed in metro cities and 5 transactions including both financial and non-financial are allowed in other locations in a month. Only savings bank account holders have these free transaction limits.

The daily withdrawal limit of HDFC Bank varies with the type of card. Both the EasyShop Debit Card and RuPay Premium Debit Card have the daily withdrawal limit of ₹ 25,000. Only the first 5 transactions are free at an HDFC Bank ATM in a month. If the limit exceeds, the bank charges ₹20 plus GST for each financial transaction and ₹8.5 plus GST for each non-financial transaction. Like SBI, HDFC also allows only 3 free transactions at other bank ATMs in metro cities and 5 free transactions in other areas.

HDFC charges heavily if the free limit exceeds. It charges ₹125 plus taxes for cash withdrawal and ₹25 plus taxes for balance enquiry after the free limit. In addition to that, the bank charges the customers whenever and wherever there is a scope to do so. For instance, if your transaction is declined at other bank ATMs or at a merchant outlet due to insufficient funds, you will be charged ₹25 per transaction plus taxes.

The daily withdrawal limit of ICICI Bank also varies with the type of card ranging from ₹50,000 to ₹1.5 lakh. Only 5 free transactions are allowed to their customers at their own ATMs after which the customers will be charged ₹20 plus GST for each financial transaction and ₹8.5 plus GST for each non-financial transaction. ICICI Bank also allows only 3 free transactions at other bank ATMs in metro cities and 5 free transactions in other areas. The customers would be charged ₹20 plus GST for each financial transaction and ₹8.5 plus GST for each non-financial transaction if they exceed the limit.

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