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What is the daily withdrawal limit for a debit card?

Curious about debit card

What is the daily withdrawal limit for a debit card?

The daily withdrawal limit for a debit card in India can vary depending on the bank and the type of account you have. However, here are some general guidelines:

1. ATM Withdrawal Limit: Most banks have a daily ATM withdrawal limit, which is typically in the range of Rs. 20,000 to Rs. 50,000 for regular savings accounts. Some premium or highertier accounts may have higher limits.

2. POS (Point of Sale) Transaction Limit: For making purchases at retail stores, restaurants, and online, there is usually a daily limit on POS transactions. This limit is often the same as the ATM withdrawal limit.

3. Daily Spending Limit: In addition to the ATM and POS limits, some banks may have a daily spending limit that combines both ATM withdrawals and POS transactions. This limit is meant to prevent unauthorized or excessive spending.

It's important to note that you can check and adjust these limits according to your preferences by contacting your bank. If you need to withdraw more than the daily limit, you may need to make multiple transactions on different days or request a temporary limit increase from your bank.

Keep in mind that for security reasons, banks impose these limits to protect your account from fraudulent or unauthorized use. Always exercise caution when withdrawing large sums of money and be aware of any fees associated with exceeding your daily limits.

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