ATM Withdrawal Rule: Customers frequently receive net banking and a debit card, or ATM card, when they open an account at any bank. These days, most people would rather take out an ATM withdrawal than visit a bank to get cash.
Understanding ATM Withdrawal Limits
Account holders are able to take out cash from any ATM, but it’s important to remember that different banks have set limits on the amount of free transactions that can be made from ATMs of other banks.
SBI
In India, SBI is regarded as the biggest private bank. It provides a wide range of banking services, such as cash withdrawals from ATMs and loan services. The following lists SBI Bank’s fees and transaction limitations:
- SBI Bank Fee for ATM Withdrawals: Depending on the quantity of withdrawals the SBI Bank ATM withdrawal fee may be as much as Rs. 20 plus GST.
- Fee for non-SBI ATM withdrawals: Depending on the quantity of withdrawals, the fee for non-SBI ATM withdrawals can reach Rs. 20 plus GST.
- SBI Withdrawal Limit: The SBI Withdrawal Limit is four thousand to one lakh rupees.
- Fees for International ATM Transactions: Rs. 100 minimum, plus 3.5% of the total tax amount plus GST.
- SBI ATM Free Withdrawals: begins at five
HDFC
In India, HDFC is regarded as the biggest private bank. It provides a wide range of banking services, such as cash withdrawals from ATMs and loan services. The following lists HDFC Bank’s fees and transaction limitations:
- HDFC Bank Fee for ATM Withdrawals: Up to Rs.21 plus taxes
- Fee for Non-HDFC Bank ATM Withdrawals: Up to Rs.21 plus taxes
- HDFC Withdrawal Limit: Between Rs.25,000 and Rs.75 lakh.
- Foreign ATM Transaction Charges: Minimum of Rs.125 plus taxes
- Free Withdrawals at HDFC Bank ATM: 5
ICICI Bank
Mumbai is home to the global bank ICICI Bank‘s headquarters. Since its founding in 1994, it has offered its clients a range of banking services. The following lists ICICI Bank’s ATM withdrawal fees and transaction limits:
- Fee for ATM withdrawals at ICICI Bank: Up to five cash withdrawals per month are free; each financial transaction costs Rs. 20, and each non-financial transaction costs Rs. 8.50.
- Fee for ATM Withdrawals from Non-ICICI Bank: Rs. 20
- Withdrawal limits from ICICI Bank vary depending on the ICICI Debit Card
- Foreign ATM Transaction Fees: A minimum of 150 rupees
- ICICI ATM Free Withdrawals: 5
Axis Bank
India’s third-largest private sector bank, Axis Bank is based in Mumbai, Maharashtra. The following lists the Bank’s debit card’s transaction limits and withdrawal fees:
- Bank Fee for ATM Withdrawals: Up to Rs. 21 is the bank fee for ATM withdrawals.
- Fee for ATM Withdrawals from Non-Axis Bank: Up to Rs. 21
- Withdrawal Limit: Debit card issued by Axis Bank determines this.
- Fees for International ATM Transactions: Rs. 125
- ATM withdrawals at no cost at Axis Bank: 5
Bank of India
- BOI Bank Fee for ATM Withdrawals: Up to Rs.21
- Fee for Non-Bank of India ATM Withdrawals: Up to Rs.21
- Withdrawal Limit: Depends on the BOI Debit card
- Foreign ATM Transaction Charges: Rs.125 plus currency conversion charges (2%)
- Free Withdrawals at Bank of India ATM: Up to 10
You should be aware of the limitations that each bank has before taking out cash from an ATM. Additionally, remember that the limits may vary according to the type of debit card you possess and the terms and conditions that accompany it. Make sure with the bank at all times before withdrawing cash from an ATM.