How much money can I withdraw from ATM at once?

Daily ATM Withdrawal Limits in India: How Much Can You Withdraw at Once?

In India, the daily withdrawal limit for ATMs varies depending on the bank and the specific ATM machine. Generally, the limits range from ₹20,000 to ₹50,000 per day.

Factors Affecting ATM Withdrawal Limit:

• Bank Policy: Each bank has its own set of policies regarding ATM withdrawal limits. Some banks may have higher limits for certain types of accounts, such as savings accounts or current accounts.

• ATM Capabilities: The capabilities of the ATM machine itself can also impact the withdrawal limit. Some ATMs may have hardware or software limitations that prevent them from dispensing large amounts of cash.

Recommended Approach:

To avoid any inconvenience, it is advisable to check with your bank for the precise withdrawal limit applicable to your account. You can do this by contacting the bank’s customer service line, visiting your local branch, or checking the bank’s website.

Additional Considerations:

• Some banks may allow you to withdraw amounts exceeding the daily limit by visiting a branch in person. However, this may incur additional charges or require prior authorization.

• If you need to withdraw a large amount of cash, it is advisable to plan ahead and give your bank notice in advance. This will ensure that the necessary arrangements can be made to accommodate your request.

• Be aware of any security measures implemented by your bank, such as daily withdrawal limits or fraud detection systems. These measures are in place to protect your account and prevent unauthorized transactions.

Conclusion:

The daily ATM withdrawal limit in India varies depending on the bank and the ATM machine. It is recommended to check with your bank for the specific limit applicable to your account. By adhering to these limits and following the recommended guidelines, you can ensure a secure and hassle-free ATM withdrawal experience.