MoneyWorks4Me

SBI lowers ATM cash withdrawal limit to Rs 20,000 a day: Report

01 Oct 2018 Evaluate

State Bank of India (SBI) has reportedly lowered ATM cash withdrawal limit to Rs 20,000 a day, from Rs 40,000 a day earlier. In a bid to support digital and cashless transactions, the bank has decided to reduce the cash withdrawal limits of debit cards issued or being issued on ‘Classic’ and ‘Maestro’ platform.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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