INSUBCONTINENT EXCLUSIVE:
of India allows its customers to make cash withdrawals of up to Rs 40,000 per day from its ATMs
Using SBI's Classic Debit Card, SBI customers can withdraw up to Rs 40,000 in cash from the bank's network of ATMs, according to the
corporate website of India's largest bank - sbi.co.in
SBI offers several types of debit cards such as SBI Classic Debit Card, State Bank ATM-Cum-Debit Card, SBI Global International Debit Card
and SBI Gold International Debit Card
For example, SBI Classic Debit Card enables its customers to purchase goods at merchant establishments, make payment online and withdraw
cash from ATMs within the country, according to SBI website.(Also read: Use these SBI toll-free helplines to report unauthorised electronic
transfers)While SBI allows its customers to withdraw up to Rs 40,000 in cash in a day using the Classic Debit Card, higher value cards
Classic Debit CardDomesticDaily Cash Limit at ATMsMinimumRs
40,000/-Daily Point of Sales/e-Commerce LimitMinimumNo such limitMaximumRs
50,000/-(Source: sbi.co.in)SBI charges a fee of Rs 125 plus GST (Goods and Services Tax) as annual maintenance charges for its Classic Debit
The charges are subject to revision from time to time, according to the SBI website.(Also read: SBI bank FD interest rates compared with
ChargesNilAnnual Maintenance ChargesRs 125/- plus GSTCard Replacement ChargesRs 300/- plus GSTSBI offers many services to its customers
These include cash withdrawal, 'fast cash' - a cash withdrawal option wherein the user gets to choose from a list of pre-defined values, PIN
change, balance enquiry, mini-statement
100/-Varies from ATM to ATMMaximumRs
40,000/-Varies from country to country, subject to a maximum of foreign currency equivalent of Rs
40,000/-Daily Point of Sales/ Online Transaction LimitMinimumNo such limitNo such limit but subject to local regulations.MaximumRs
75,000/-Varies from country to country, subject to a maximum of foreign currency equivalent of Rs
75,000/-(Source: sbi.co.in)The user can also register for IMPS or Inter-mobile Mobile Payment System service at State Bank of India ATMs,
100/-Varies from ATM to ATMMaximumRs
50,000/-Varies from country to country, subject to a maximum of foreign currency equivalent of Rs
50,000/-Daily Point of Sales/Online Transaction LimitMinimumNo such limitNo such limit but subject to local regulationsMaximumRs
2,00,000/-Varies from country to country, subject to a maximum of foreign currency equivalent of Rs
2,00,000/-(Source: sbi.co.in)IMPS service enables a customer to transfer money to any other person with a registered IMPS number instantly.
