Monday, October 1, 2018

SBI reduces cash withdrawal limit

Image result for sbi bank logo

State Bank of India has halved the maximum amount an account holder can withdraw per day. SBI has lowered the limit to Rs 20,000 from Rs 40,000. The new ATM cash withdrawal rules, applicable on SBI Classic and Maestro debit cards, will come into effect from 31 October. 

This is done in view of  increase in the number of complaints received by banks around fraudulent transactions at ATMs and to encourage digital and cashless transactions.

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