ATM Withdrawal Limits

Understanding ATM withdrawal limits is crucial for managing daily transactions efficiently. Banks impose ATM daily withdrawal limits to enhance security and regulate cash flow. Limits vary based on the bank, debit card type, and account type (savings or current). As per RBI regulations (effective since Jan 2022), metro customers get 5 free transactions at their bank's ATMs and 3 at others, while non-metro customers get 5 free transactions at any ATM.

This page provides detailed insights into ATM withdrawal limits for major Indian banks, rules for increasing limits, and ways to avoid ATM charges.

Table of Contents:

• ⇾ ATM Withdrawal Limit Per Day
• ⇾ ATM Withdrawal Limit of India’s Top Banks
• ⇾ Maximum Cash Withdrawal Limit from an ATM
• ⇾ New ATM Cash Withdrawal Rules and Regulation
• ⇾ Increase Your ATM Withdrawal Limit
• ⇾ Avoid Paying ATM Charges
• ⇾ Frequently Asked Questions

ATM Withdrawal Limit Per Day

The ATM withdrawal limit per day varies by bank and card type. Limits can range from ₹10,000 to ₹1,00,000, depending on the debit or credit card variant. Daily ATM withdrawal limits are set to ensure security and the efficient handling of cash.

• For regular debit cards, most banks offer a ₹20,000 to ₹50,000 per day limit.
• Premium accounts or high-value debit cards like Platinum or Business cards may have higher limits, ranging from ₹1 lakh to ₹2 lakh per day.

Although new RBI regulations brought changes in the frequency of ATM transactions, the daily withdrawal limit is still decided by individual banks. This rule is applicable for both financial (cash withdrawals) and non-financial (balance enquiries, mini statements) transactions; any such activities via ATM past this limit will have additional charge deductions of ₹21 per transaction.

ATM Withdrawal Limit Per Day of India’s Top Banks

ATM withdrawals using debit cards vary according to the bank and type of account that the customer holds. Here is a summary of the withdrawal limits of the top banks in India.

ATM Maximum Withdrawal Limit Per Transaction

Although the maximum transaction you can have through an ATM is dependent on the bank and type of your account, the maximum amount you can withdraw per transaction is dependent on the ATM.

Following is a comprehensive list of maximum amounts you can withdraw as allowed from each bank’s ATM for different types of accounts:

ATM Cash Withdrawal Rules & Regulation

The RBI has introduced rules to regulate the usage of ATMs and their associated fees to enhance security and keep check on unallocated money transactions. Customers are allowed a specific amount of ATM transactions monthly at their and other banks’ ATMs; additional charges may apply for transactions exceeding this limit.

These new changes were introduced as a circular in mid-2021 but came into effect in early 2022, under Section 10(2) of the Payment and Settlement Systems Act, 2007. As per this circular,

• Customers get 5 free ATM transactions per month at their own bank ATMs and 3-5 free transactions at other bank ATMs, depending on location (metro/non-metro).
• Banks can impose fees for transactions that exceed the limit; banks can charge up to ₹21 per transaction (increased from ₹20).
• Daily withdrawal limits vary by bank and card type, generally ranging from ₹20,000 to ₹2 lakh.
• To enhance security, banks are advised to introduce measures like EMW chip cards and mandatory two-factor authentication, which includes PIN verification and physical card presence.
• Banks must pay ATM operators a rate of ₹17 per financial transaction and ₹6 per non-financial transaction as interchange fees.

Know more on Debit Card Annual Maintenance Charges from the linked page.

Increase Your ATM Withdrawal Limit

There are some methods one can use to increase their ATM withdrawal limits. These can be done by:

1. Upgrade Your Account or Card: Higher-tier accounts or premium debit cards often come with increased withdrawal limits.
2. Contacting the branch: You can contact your branch by reaching out through the phone, email, or by visiting a branch.
3. Submitting a request: Some banks have the option to submit requests for increasing transaction limits on their net banking portals or mobile applications.

Approval is subject to the bank's policies and may require a satisfactory account history.

Tips to Avoid Paying ATM Charges

You can take a few steps to stay clear of ATM fees and additional charges. These are:

• Utilise the ATMs offered by your bank, as they usually don't charge fees for transactions within a limit per month.
• Consolidate your cash needs to limit the number of times you visit the ATM for withdrawals.
• Choose to go cashless for your transactions by using payment options like UPI (Unified Payments Interface) mobile wallets or debit cards when making purchases.
• Understand your complimentary entitlements and be careful of the limit on cost transactions and the fees incurred for exceeding that limit.