What is the limit for ATM withdrawals?

The limit for ATM withdrawals can vary depending on your bank and the type of account you have. Banks typically set daily ATM withdrawal limits to help protect your account from unauthorized use and to manage their own cash reserves. Here are some common factors that can affect ATM withdrawal limits:

1. Account Type: Different types of bank accounts, such as savings accounts and checking accounts, may have different ATM withdrawal limits. Checking accounts often have higher withdrawal limits compared to savings accounts.

2. Bank Policy: Each bank sets its own policies regarding ATM withdrawal limits. These limits can vary widely from one bank to another. Some banks may allow customers to request higher withdrawal limits based on their account history and needs.

3. ATM Network: The ATM you use may also have its own withdrawal limits. For example, some ATMs may limit withdrawals to a certain amount per transaction.

4. Card Type: The type of card you have, such as a standard ATM card or a debit card, can affect withdrawal limits. Debit cards, which are linked to checking accounts, often have higher withdrawal limits.

5. Location: ATM withdrawal limits may vary depending on whether you are using an ATM at your bank's branch, an ATM within your bank's network, or an outofnetwork ATM.

6. Daily and Weekly Limits: ATM withdrawal limits are typically set on a daily or weekly basis. For example, your bank may have a daily withdrawal limit of Rs. 20,000, which means you can withdraw up to Rs. 20,000 per day.

It's important to be aware of your bank's ATM withdrawal limits, as exceeding these limits can result in your transaction being declined or, in some cases, may trigger security alerts. To find out your specific ATM withdrawal limit, you can:

1. Check Your Account Agreement: Review the terms and conditions of your bank account, which often include information about ATM withdrawal limits.

2. Contact Your Bank: Reach out to your bank's customer service or visit a local branch to inquire about your specific ATM withdrawal limit. They can provide you with the most accurate information.

3. Use Online or Mobile Banking: Many banks provide the option to check your daily ATM withdrawal limit through their online or mobile banking platforms.

If you find that your current ATM withdrawal limit doesn't meet your needs, you can inquire with your bank about the possibility of increasing it, especially if you have a valid reason for needing a higher limit. Keep in mind that some banks may require you to meet certain criteria or provide additional documentation to raise your limit.