Withdrawing cash for yourself using the withdrawal form, along with a savings bank passbook, has been increased to Rs 25,000 per day.
The State Bank of India has increased limits for out-of-home cash withdrawals by check and withdrawal form to help its customers amid the COVID-19 pandemic.
While the cash withdrawal for auto using the withdrawal form, accompanied by a savings bank passbook has been increased to Rs 25,000 per day, the withdrawal for self-use check has been increased. at Rs 1,00,000 per day.
Meanwhile, third party cash withdrawal using a check has been capped at Rs 50,000 per day, in line with revised cap limits, the bank said on Twitter.
To support our customers in this pandemic, SBI has increased the limits for out-of-home cash withdrawals by check and withdrawal form.
– State Bank of India (@TheOfficialSBI) May 29, 2021
The home branch is where the customer has a savings or salary account, while non-residential branches are bank branches other than the home branch.
The revised caps will be in place until September 30, 2021, the bank said.
Cash payments to third parties using withdrawal forms will not be permitted. Also, be aware that your third party (KYC) customers will need to be submitted for other transactions.
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