SBI cuts daily cash withdrawal limit from ATM; effective from oct 31

Today State Bank of India (SBI) has taken a major decision to withdraw cash from ATM, in which the limit of the transaction limit has been reduced. According to the new rule, SBI has decided that only 20 thousand cash can be withdrawn within a day.

This decision has been taken after complaints of fraud, says SBI.

According to current rule SBI ATMs had a transaction of 40 thousand rupees in a day, but after the new rules of the bank, it would be reduced to 20 thousand.

This new rule will be implemented from October 31 this year.