NEWS & ADVICE : CREDIT CARDS
ATM withdrawal limit now increased by HDFC Bank
By Ankit Sharma
May 31, 2010
Print    Email    RSS   

The withdrawal as well as shopping limit on all debit cards has been raised by HDFC Bank with effect from June 1.

The Imperia Gold Card would now have its ATM withdrawal and shopping limits of Rs. 1 lakh and Rs. 1.25 lakh respectively from the previous limit of Rs. 50,000 per day, Easy Shop Regular International/Maestro/NRO cards would have limits of Rs25,000 and Rs40,000, up from Rs15,000 and 25,000; Kid's Advantage card will have limit of Rs2,500, up from Rs1,500 and Rs1,000 and Women's card Rs25,000, up from Rs20,000.

Most of the banks with an exception of ICICI Bank provide a limit of Rs. 50,000 per day.

ICICI Bank provides withdrawals up to Rs. 1 lakh and a transaction limit of Rs. 1.5 lakh on its Titanium, Platinum and Signature range of debit cards per day.

The Gold card of ICICI Bank has a withdrawal limit as well as transaction limit of Rs. 50,000. The Gold card of Axis Bank has a withdrawal limit of Rs. 50,000 and a transaction limit of Rs. 1.75 lakh per day.

"Withdrawal limits set by banks usually depend on their customer bases and the nature and ticket sizes of the transactions," a banking analyst with a brokerage firm said.

"Few transactions or withdrawals by our customers touch the limit. So, as of now, we haven't thought of raising those limits," said SS Ranjan, chief financial officer, State Bank of India (SBI).


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Understand Your Credit Card Statement
12 point conduct checklist for bank and...
Kinds of auto insurance coverage
HDFC Bank sets up common phone banking no.
American Express Platinum Corporate Card:...


my card no is 4006676534481059. I have not received...
My card no. is 4377486998403479. I have not...
i have already ICICi Bank Cradit Card satalement...
I want to see my SBI Credit Card ending 0219statement
Check my balance my card no is 5048 1070115018927602
Harlal Ranarayan meena

NEWS THIS WEEK
ATM security still a cause of concern Apr 25, 2014
10-15% usage of cards accounts only for online transactions :RBI Apr 24, 2014
RBI worried over the rising online banking frauds Apr 23, 2014
Banks slowed the addition of new POS terminals and ATM machines Apr 22, 2014
Drop down in credit card space –HDFC bank Apr 9, 2014
News Archive