ENA Sectors 2018-10-31 07:58:29 <p><strong>New Delhi, Oct 31 (KNN)</strong> The country's largest lender SBI has limited the daily cash withdrawal limit from ATMs for certain debit-card holders to Rs 20,000.</p> <p>The SBI had put out the following message on its website: Daily cash withdrawal limit for Classic and Maestro debit cards has been reduced from Rs 40,000 to Rs 20,000 per day with effect from October 31. </p> <p> If you require higher daily cash withdrawal limit, please apply for a higher card variant, the message added.</p> <p>According to a media report, mostly ATM transactions are less than Rs 20,000 a day.</p> <p>This step has been taken in order to protect the customers from fraud.</p> <p>State Bank of India (SBI) had alerted its customers holding Classic and Maestro debit cards about a month ago, regarding reduction of cash withdrawal limit to Rs 20,000 a day from ATM starting October 31.</p> <p>The withdrawal limit has been curtailed on Classic and Maestro debit cards, held by a large number of the bank customers.</p> <p>However, customers with other variants of SBI debit card can continue to enjoy higher daily withdrawal from ATMs.</p> <p>The bank has lots of customers with higher variant debit card, so they are not impacted.</p> 21193 https://knnindia.co.in/news/newsdetails/sectors/sbi-halves-the-daily-cash-withdrawal-limit-from-atms 2018-10-31 07:58:29 knnindia.co.in