SBI ATM cash withdrawal rule: State Bank of India (SBI) now allows customers to make cash transactions for more than Rs 10,000 daily across all its ATMs. The country’s largest lender offers seven different types of ATM-cum-debit cards that have a wide range of cash withdrawal limits starting from Rs 20,000 to Rs 1 lakh. 

The transaction limits were revised in July this year. As per the latest order, customers will get an OTP on their registered mobile numbers for transacting more than Rs 10,000. They will have to enter the OTP along with the debit card PIN to complete their withdrawal each time.

SBI allows up to eight free transactions in a month to each of its customers. The new OTP-based cash withdrawal came into effect on September 18.

Let’s take a look at some of the daily ATM cash withdrawal limits applicable to SBI debit cards:

1) SBI Classic and Maestro Debit Cards

ATM withdrawal limit: ₹20,000

2) SBI Global International Debit Card

ATM withdrawal limit: ₹40,000

3) SBI Gold International Debit Card

ATM withdrawal limit: ₹50,000

4) SBI Platinum International Debit Card

ATM withdrawal limit: ₹ ₹1,00,000

5) sbiINTOUCH Tap & Go Debit Card

ATM withdrawal limit: ₹40,000

6) SBI Mumbai Metro Combo Card

ATM withdrawal limit: ₹40,000

7) SBI My Card International Debit Card

ATM withdrawal limit: ₹40,000

SBI ATM cash withdrawal with OTP

SBI has extended one-time password (OTP)-based cash withdrawal for ₹10,000 and above throughout the day across all its ATMs in the country with effect from 18 September. For this, you will have to enter the OTP sent by the bank on your registered mobile number. If you fail to do so, the transaction will get canceled. “Your transactions at SBI ATMs are now more secure than ever. SBI extends OTP based cash withdrawal facility to 24×7 for amount ₹10,000 and above from 18.09.2020,” the country’s top lender had tweeted.

Mean-while, India detected 36,410 cases of the novel coronavirus in the 24 hours ending 9 am Tuesday, the lowest number of daily new cases since July 17. The country’s tally of 79.46 lakh (79,46,429) includes 6,25,857 people who were being treated for the disease and 72,01,070 who had recovered. With 488 additional deaths on Monday, the toll rose to 1,19,502.

India’s Covid-19 fatality rate dropped to 1.50 percent Monday, the lowest since March 22. The Union Health Ministry said the Case Fatality Ratio (CFR) was lower than one percent in at least 14 states and Union Territories, including Rajasthan, Jharkhand, Andhra Pradesh, Telangana, Bihar, Odisha, Assam, and Kerala.

“India has one of the lowest fatality rates in the world. The case fatality rate is lowest since March 22 and is continuously declining,” the ministry was quoted as saying by PTI.