te SBI customer? Cash withdrawal RULES CHANGED by State Bank of India for THESE account holders - New notification says this | Zee Business

SBI customer? Cash withdrawal RULES CHANGED by State Bank of India for THESE account holders - New notification says this

State Bank of India (SBI) has changed the cash withdrawal rules for its customers. The bank has recently issued a notification explaining the new rules for cash withdrawal. As per the notification, SBI has now increased the cash withdrawal limit from non-home branches to support their customers in these tough times amid the pandemic.

SBI customer? Cash withdrawal RULES CHANGED by State Bank of India for THESE account holders - New notification says this
SBI customer? Cash withdrawal RULES CHANGED by State Bank of India for THESE account holders - New notification says this. Source: PTI

State Bank of India (SBI) has changed the cash withdrawal rules for its customers. The bank has recently issued a notification explaining the new rules for cash withdrawal. As per the notification, SBI has now increased the cash withdrawal limit from non-home branches to support their customers in these tough times amid the pandemic. 

"To support our customers in this pandemic, SBI has increased the non-home cash withdrawal limits through cheque and withdrawal form," SBI tweeted. 

 

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According to the new rules, SBI customers can now withdraw up to Rs 25,000 in a day. Customers can now visit any bank branch (except the home branch) to withdraw up to Rs 25,000 using a withdrawal form accompanied by a Savings Bank Passbook. 

SBI customers can note that the limit for withdrawing cash through check has been set to up to Rs 1 lakh. While cash withdrawal limit has been increased to Rs 50 thousand to the third party.

 

As per the information provided by the bank the new rules have been implemented with immediate effect and will be valid till September 30, 2021. Also, no cash payments to third parties by withdrawal forms will be allowed and KYC of the third party has to be submitted.

Written By: ZeeBiz WebTeam
Edited By: Prashant V. Singh
Updated: Sun, May 30, 2021
10:53 am
New Delhi, ZeeBiz WebDesk
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