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HDFC permits withdrawal of Rs. 1 Lakh, others likely to follow suit - Printable Version

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HDFC permits withdrawal of Rs. 1 Lakh, others likely to follow suit - KRISHNASAGAR - 05-30-2010

<img style="float:left; margin: 0px 10px 0px 0px ;" src="http://beta.thehindu.com/multimedia/dynamic/00119/atm_119831e.jpg"/>Bank customers can soon withdraw up to Rs 1 lakh in a single day from ATM machines, and can shop for even an higher amount of Rs 1.25 lakh with their debit cards.

Also, as much as Rs three lakh can be transferred in a day to another account through ATMs as also over the phone.

The enhanced limits for ATM withdrawals, debit card swiping and fund transfers would save the consumers from running to bank branches, that too within banking hours, for such large transactions. Currently, the maximum the customers of most of the banks can withdraw through ATMs is Rs 50,000 in a day.

While HDFC Bank is allowing these enhanced banking limits to its customers with effect from June 1, other banks might soon follow suit.

The ATM withdrawal limit for HDFC Bank Imperia Gold Debit Cards now stands increased to Rs 1 lakh, and that for shopping to Rs 1.25 lakh, from Rs 50,000 per day.

Besides, the ATM card and shopping limit for Easy Shop Regular International/ Maestro/ NRO Debit Cards would stand increased to Rs 25,000 and Rs 40,000 respectively, from Rs 15,000 and 25,000 respectively.

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RE: HDFC permits withdrawal of Rs. 1 Lakh, others likely to follow suit - jillam - 05-30-2010

good news.....hope tht other banks will follow the suit.