The bank has also fixed a limit for withdrawing money from its branch, so that customers can do transactions within the prescribed limit. If you repeatedly go to the bank branch to withdraw money, then after a limit you will have to pay money.
Many people do not prefer to use debit cards or internet banking. To do any transaction of money, go to the bank itself. But, do you know that it can be costly for you to go to the bank again and again to withdraw money. Actually, the bank has fixed a limit even on withdrawing money from its branch, so that customers can do transactions within the prescribed limit. If you repeatedly go to the bank branch to withdraw money, then after a limit you will have to pay money.
In such a situation, we know how many transactions are given free of cost by the bank and after how many transactions, how much fee will have to be paid. Therefore, today we are telling you the rules of State Bank of India, according to which you can guess what is the limit of cash transaction from the bank. Know that the rules related to the limit of cash transactions from the bank…
The limit is fixed according to the amount
State Bank of India has fixed the limit on withdrawal from the branch branch on the basis of amount. According to the information given on the bank’s website, the bank has fixed the limit up to Rs 25,000, above Rs 25,000, Rs 50,000, Rs 50,000 to Rs 1,00,000, above Rs 1,00,000 depending on the category. If customers make transactions even after the prescribed limit, then they have to pay fees. After this the bank charges on the basis of Rs 50 per transaction, so try to take the help of ATM or internet banking instead of going to the bank to do the transaction.
How much is the limit?
According to SBI, customers can do two unlimited transactions up to Rs 25,000 per month, up to Rs 25,000 above Rs 50,000, 10, Rs 50,000 to Rs 1,00,000, unlimited transactions above Rs 15, 1,00,000. That is, there is no problem in large amount transactions, if you do small transactions then you should avoid going to the bank.
What are the rules regarding Internet Banking?
Let us tell you that as per the rules of SBI, there is no limit on the transaction from Internet Banking. In such a situation, no rules have been made by the bank for any number of transactions you can do through internet banking. In such a situation, try that you use internet banking more and do money transactions only through it.
