To support its Customers during the stressful pandemic situation, [novashare_tweet tweet=”State Bank of India @TheOfficialSBI in a welcoming step increased the non-home cash withdrawal limits through cheque and withdrawal form.” hide_hashtags=”true”]
The revised ceiling for cash withdrawal for self through withdrawal form accompanies by savings bank passbook has been raised to Rs 25,000 per day.
Further, the ceiling for cash withdrawal by a customer for himself through cheque has been raised to Rs 1 lakh.
In a notification on Twitter, the SBI tweeted, “To support our customers in this pandemic, SBI has increased the non-home cash withdrawal limits through cheque and withdrawal form.”
To support our customers in this pandemic, SBI has increased the non-home cash withdrawal limits through cheque and withdrawal form.
#SBIAapkeSaath #StayStrongIndia #CashWithdrawal #Covid19 #BankSafe #StaySafe pic.twitter.com/t4AXY4Rzqh— State Bank of India (@TheOfficialSBI) May 29, 2021
In terms of third-party cash withdrawals, the bank has increased the daily upper limit to Rs 50,000. Withdrawals for third parties would be allowed only through cheques and no cash payment would be allowed through withdrawal forms.
For cash withdrawal by a third-party using cheque, KYC of the third party concerned will be required, the bank said.
It is worth noting that the rules will remain in force till September 30 2021.
