SBI vs PNB vs ICICI Bank vs HDFC Bank: Cash withdrawal restrict you must know

SBI vs PNB vs ICICI Bank vs HDFC Bank: While opening a financial institution financial savings account, prospects have a look at rate of interest, costs associated to account and liquidity. However, money withdrawal restrict is equally vital and a financial savings account holder ought to know concerning the money withdrawal cap imposed by its lender. Recently, State Bank of India (SBI) has raised the money withdrawal restrict by means of cheque and withdrawal kinds from non-home department. Country’s largest business financial institution determined to do that to assist prospects throughout Covid-19 pandemic.

Here we checklist out money withdrawal restrict capped by main Indian banks:

1] State Bank of India or SBI: SBI prospects can now withdraw ₹25,000 money per day from non-home branches for self utilizing withdrawal type accompanied by financial savings account passbook. Cash withdrawal restrict for self utilizing cheque is capped at ₹1 lakh whereas money withdrawal restrict by third get together (solely by means of cheque) is capped at ₹50,000.

2] Punjab National Bank or PNB: PNB gives three kinds of debit playing cards to its prospects — Platinum, Classic and Gold. As per teh PNB’s official web site, PNB Platinum debit card holders, money withdrawal restrict per day is ₹50,000; onetime money withdrawal restrict is ₹20,000 and ECOM/POS consolidate restrict is ₹1.25 lakh. For, PNB Classic debit card holders, money withdrawal restrict per day is ₹25,000; onetime money withdrawal restrict is ₹20,000 and ECOM/POS consolidate restrict is ₹60,000. For PNB gold debit card holders, money withdrawal restrict per day is ₹50,000; onetime money withdrawal restrict is ₹20,000 and ECOM/POS consolidate restrict is ₹1.25 lakh.

3] ICICI Bank: With impact from 1st August 2021, money withdrawal restrict at house department for ICICI Bank prospects is ₹1 lakh — monthly, per account. At the non-home department – no costs can be levied for money transactions as much as ₹25,000 per day. For third get together transactions, the restrict has been set at ₹25,000 per day.

4] HDFC Bank: The official web site of HDFC Bank claims, “Get anytime, anywhere cash from our network of over 12,000 ATMs. You can also withdraw cash from any non-HDFC Bank ATM. You can withdraw up to ₹10,000 a day using an ATM card from an HDFC Bank ATM and ₹25,000 or more using a debit card (depending on the kind of card you have). During banking hours, you can walk into any HDFC Bank branch and withdraw cash using a withdrawal slip or cheque or deposit cash after filling up a deposit slip. You can also deposit cash at any of our branches or ATMs.”

The HDFC Bank web site went on so as to add that money withdrawals restrict at non-home department are free as much as ₹1 lakh per day; third get together money withdrawals restrict is ₹50,000 per transaction.

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