Soon, withdraw up to Rs 1 lakh from ATMs

PTI

New Delhi, 31 May 2010: Bank customers will soon be able to withdraw up to Rs 1 lakh in a single day from ATM, and shop for even higher an amount of Rs 1.25 lakh with their debit cards.

Also, as much as Rs 3 lakh can be transferred in a day to another account through ATMs as also over the phone.

While HDFC Bank is allowing these enhanced banking limits to its customers from June 1, other banks may follow suit.

The enhanced limits for ATM withdrawals, debit card swiping and fund transfers would save the consumers from running to bank branches, that too within banking hours, for such huge transactions. Currently, the maximum the customers of most banks could withdraw through ATMs is Rs 50,000 in a day.

The ATM withdrawal limit for HDFC Bank Imperia Gold Debit Cards now stands increased to Rs 1 lakh, and that for shopping to Rs 1.25 lakh per day, from the current Rs 50,000.

Besides, the ATM card and shopping limit for Easy Shop Regular International/ Maestro/ NRO Debit Cards will stand increased to Rs 25,000 from Rs 15,000, and Rs 40,000 from Rs 25,000, respectively.

Also holders of Kid’s Advantage Debit Cards will be able to withdraw and shop for Rs 2,500 in a single day, higher from Rs 1,500 and Rs 1,000 currently. The Women Debit Card holders will get to take Rs 25,000 from ATMs as against Rs 20,000 now. Customers can also shop for up to Rs 40,000 with debit cards, from the present Rs 30,000.

However, “the above revised limit are not applicable to card holders whose current limits are different from the ones stated above. They will continue to enjoy their requested/offered limits as sanctioned before,” HDFC said.