How​‍​‌‍​‍‌​‍​‌‍​‍‌ Much Cash Can I Take Out from an ATM?

Are you wondering how much cash can be taken from an ATM in one day? Different banks and cards have different withdrawal limits. So, it is better that you know your limits beforehand. This short article offers an answer on how ATM limits operate and how you can easily find out what your daily limit is.

What is the main factor that sets the ATM withdrawal limit?

The limit of daily ATM withdrawals is mainly determined by the bank where the account is held, the card type, and the account level. A regular savings account, for instance, is likely to have more restricted limits, whereas a premium credit card can, in theory, enjoy higher limits.

Typical private banking limitations in India at a glance

This is a brief listing of the banks with their proposed allowance:

Basic savings/debit card: ~₹10,000-₹25,000 per day

Mid-level cards: ~₹25,000-₹50,000 per day

Premium debit cards or business accounts: ₹1,00,000 and even more per day in some cases

Everyday life example

Assuming that Rohan's bank provides him with a basic savings account with a daily ATM withdrawal limit of ₹20,000. Rohan intends to withdraw ₹30,000 to cover the wedding expenses. His visit to the bank ends with an unsuccessful attempt at ₹30,000 withdrawal but only ₹20,000 of cash was given to him in two transactions and the rest he had to transfer. In short: make sure to know your limit before taking out large sums of cash.

Means of increasing your limit (short hint)

In case you regularly find the need to make large withdrawals, follow these instructions:

Get in touch with the bank customer service.

Request a temporary or permanent increase in your ATM withdrawal limit.

If it is necessary, show your bank statement or ask for a higher card level upgrade.

Remember, though, that by raising your limit, you also increase your potential loss in case your card number and PIN fall into someone else's hands.