ATM withdrawal limit for HDFC, SBI, ICICI PNB and other top banks in India

August 31, 2024

949 2 minutes read

ATM withdrawal limit refers to the maximum amount of money that an individual can withdraw from their savings or current account within a specified time frame, typically on a daily basis. This limit varies significantly between different banks and is influenced by the type of account held by the customer.

Daily ATM Withdrawal Limit

The daily ATM withdrawal limit is the maximum amount of cash you can withdraw from your bank account in one day. Most banks set this limit to enhance security and manage cash flow. In India, for instance, daily ATM withdrawal limits generally range from Rs 20,000 to Rs 50,000, depending on the bank and the specific account type.

For example:

Some banks may allow a maximum withdrawal limit of Rs 25,000 per day for basic accounts.
Others might offer higher limits, such as Rs 40,000 or even Rs 3,00,000 for premium accounts or specific debit cards.

Factors Influencing Withdrawal Limits

Bank Policies: Each bank has its own policies regarding ATM withdrawal limits, which can vary widely.
Account Type: The type of account (e.g., basic, premium, business) can significantly affect the withdrawal limit.
Card Type: Certain debit or credit cards may come with higher withdrawal limits compared to standard cards.

Additional Considerations

If you need to withdraw more than your ATM limit allows, you can often visit a bank branch to request a cash withdrawal from a teller.
It’s also important to keep track of your spending and pending transactions to avoid overdrawing your account when making withdrawals.

Understanding your bank’s ATM withdrawal limits is crucial for effective financial management and to avoid any inconvenience when you need cash.

ATM Withdrawal Limits for Major Banks in India

Here’s a summary of the daily ATM withdrawal limits for some of the top banks in India, including HDFC, SBI, ICICI, and PNB, based on the type of debit card you hold.

HDFC Bank

Classic Debit Card: ₹25,000 per day.
Platinum Debit Card: ₹1,00,000 per day.
Other Premium Cards: Limits can go up to ₹2,50,000 per day for certain high-end cards.

State Bank of India (SBI)

Classic Debit Card: ₹20,000 per day
Platinum International Debit Card: ₹1,00,000 per day

Other Variants: Limits vary, with some cards allowing withdrawals of ₹25,000 per day.

ICICI Bank

Classic Debit Card: ₹25,000 per day.
Platinum and Titanium Debit Cards: ₹1,00,000 per day.
Signature Debit Card: Up to ₹1,50,000 per day.

Punjab National Bank (PNB)

Classic Debit Card: ₹25,000 per day.
Platinum Debit Card: ₹50,000 per day.
Other Premium Cards: Higher limits available, with some cards allowing up to ₹1,00,000 per day.

Other Banks

Bank of India:
- Classic cards: ₹15,000 per day.
- Platinum cards: ₹50,000 per day.
Federal Bank:
- Basic cards: ₹2,500 per day.
- Premium cards: Up to ₹1,00,000 per day.
Kotak Mahindra Bank:
- Junior debit card: ₹5,000 per day.
- Premium cards: Up to ₹2,50,000 per day.

Summary

The daily ATM withdrawal limits vary significantly based on the type of debit card issued by each bank. It’s essential to check with your specific bank for the most accurate and updated information regarding your card’s withdrawal limits.