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SBI revises withdrawal limits for cash at ATMs, Branches: All You Need To Know

by omkar123
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Deccan Express

State Bank of India has increased the limit on cash withdrawals from non-home branches due to the Covid Pandemic. You can withdraw this money by check or withdrawal form. Home branch is where your account is opened, increasing the withdrawal limit from non-home branch means that you can now withdraw more money from any branch of SBI.

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State Bank of India (SBI) has tweeted that if a person comes to any non-home branch with his savings passbook and has his own account, he can now withdraw Rs 25,000 a day through a withdrawal form. Earlier, the limit was only Rs 5,000. Similarly, he can withdraw Rs 1 lakh a day by check for himself. Thus a third party means that a maximum of Rs 50,000 can be withdrawn from a non-home branch in one day by check only through another.

The bank said that a third party is not allowed to withdraw money from a non-home branch through a withdrawal form. This means that only the person in whose name the account is located can withdraw money. These changes are in place until September 30, 2021.

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