How Much Money Can Be Withdrawn from SBI ATM in a Day?

Withdrawal Limits Based on SBI Card Types

The withdrawal limits largely depend on the type of ATM card linked to your SBI account. Here’s a breakdown of the common cards and their daily limits:

• SBI Classic Debit Card: The SBI Classic Debit Card is the most commonly issued card for regular savings accounts. The daily cash withdrawal limit from an ATM using this card is ₹20,000.

• SBI Gold International Debit Card: The Gold card offers higher limits compared to the Classic card. With this card, you can withdraw up to ₹50,000 per day from SBI ATMs.

• SBI Platinum Debit Card: This card caters to higher-net-worth individuals. It allows a daily withdrawal of up to ₹1,00,000 from SBI ATMs.

• SBI Business Debit Card: Designed for business owners, this card offers a withdrawal limit of up to ₹2,00,000 per day from ATMs.

It's important to note that these limits apply only to SBI ATM machines. If you use non-SBI ATMs, the limit might be lower due to interbank withdrawal restrictions.

ATM Withdrawal Limits for Different SBI Accounts

SBI provides various types of accounts with different privileges, and the withdrawal limit can also depend on the kind of account you hold:

• Regular Savings Account: This account is linked to most SBI debit cards and follows the limits mentioned above.

• Salary Accounts: Salary account holders are generally issued Gold or Platinum cards, which allows them to withdraw higher amounts, typically ₹50,000 to ₹1,00,000.

• Current Accounts: For business owners holding current accounts, the withdrawal limit using business debit cards can go as high as ₹2,00,000 daily.

Factors Influencing ATM Withdrawal Limits

SBI periodically revises its withdrawal policies based on several factors:

• Security Concerns: To prevent fraud, banks often impose lower withdrawal limits on non-premium cards.

• Account Type: As mentioned, different account types come with varying withdrawal privileges.

• Location of ATM: SBI cardholders withdrawing from ATMs located in rural areas might face reduced limits, depending on the operational policies of that branch.

Withdrawing from Non-SBI ATMs

The convenience of withdrawing cash from any ATM comes with its limitations. When using a non-SBI ATM:

• For most debit cards, the daily limit is ₹10,000 to ₹20,000, depending on the card type and the bank's rules.

• Interbank charges may apply after a certain number of free transactions. Typically, SBI offers 5 free transactions (including financial and non-financial) per month from non-SBI ATMs in metro cities, and 10 free transactions in non-metro cities.

After exhausting the free transactions, a fee of approximately ₹20 per transaction is charged for financial transactions, and ₹8 for non-financial transactions like balance inquiry.

What Happens if You Need to Withdraw More?

If the daily ATM withdrawal limit does not suffice, there are other ways to access more funds:

• Branch Withdrawals: You can visit an SBI branch and withdraw larger amounts using a withdrawal slip or cheque. There’s generally no upper limit, although large withdrawals may require prior notice.

• Net Banking or Mobile Banking: If you're purchasing items or transferring funds, there’s no cash withdrawal limit in SBI's online services. However, this won't solve your immediate need for physical cash.

• POS Terminals: You can withdraw cash at Point of Sale (POS) terminals in shops. The withdrawal limit at POS terminals is ₹2,000 per day, and these transactions also count towards your daily ATM withdrawal limit.

Are There Any Fees for Exceeding Withdrawal Limits?

If you attempt to withdraw an amount that exceeds your daily limit, the transaction will fail. However, you won’t be charged a fee for such failed attempts.

SBI does impose charges for other scenarios:

• Insufficient Balance: If you try to withdraw more than the available balance, a fee might be charged depending on your account type.

• Non-Maintenance of Minimum Balance: If you frequently withdraw large amounts and your account falls below the minimum balance requirement, SBI can charge a penalty. For regular savings accounts, the minimum balance requirement is typically ₹3,000 to ₹10,000, depending on the branch's location (rural, semi-urban, or metro).

Safety Tips for ATM Withdrawals

Whenever you're withdrawing cash from an ATM, keep these safety tips in mind:

• Be Vigilant: Always be aware of your surroundings when using an ATM. If you feel uncomfortable, cancel the transaction and find another machine.

• Check for Skimmers: Before inserting your card, check the ATM machine for any unusual devices attached to the card slot. Skimmers are devices criminals use to steal your card information.

• Avoid Late-Night Withdrawals: If possible, avoid using ATMs late at night or in poorly lit areas.

• Keep Your PIN Safe: Never share your PIN with anyone, and avoid writing it down where others can see it.

• Monitor Your Account: Regularly check your account for any unauthorized transactions, and report suspicious activity to SBI immediately.

Conclusion

The amount of money you can withdraw from an SBI ATM in a day depends on various factors including the type of card, the account, and the ATM location. By understanding the withdrawal limits and using alternative options when needed, you can better manage your finances and avoid any disruptions.

Summary Table: SBI ATM Withdrawal Limits

Understanding these limits ensures you avoid inconvenience, and you can always turn to alternatives like branch withdrawals or online transfers if necessary.