How many times can you withdraw cash from your bank account in a month, know the rules

Even today, in small cities and towns, people give more importance to cash payment than online payment. Now the question that arises in the minds of many people is that if there is a need for cash, then how many times can money be withdrawn from the bank account in a month.

Actually every bank sets its own limit for this. Some transactions are free and after that a charge has to be paid every time you withdraw cash. If your account is in a government bank like SBI, PNB or Bank of Baroda, then generally you get the facility of free cash withdrawal 3 to 5 times.

After this, a charge of Rs 10 to Rs 20 may have to be paid on every transaction. This limit applies to both ATMs and bank branches. Many private banks like HDFC, ICICI and Axis Bank provide free withdrawal facility to their customers up to five times.

However, if you withdraw money from your bank’s ATM then the limit is slightly higher. For withdrawing money from another bank’s ATM, charges are levied quickly. The rules are different according to city and village also. In metros where the ATM transaction limit is less.

At the same time, banks have given more relaxation to the customers in rural areas. So that they do not have to go to the city every time to withdraw cash. This provides convenience to rural customers. Not just ATM. In fact, the limit for withdrawing cash from the bank branch is also fixed.

Some banks allow free counter withdrawals up to three times a month. After this, service charges may apply. Which varies according to the rules of each bank. That is, overall, the limit for withdrawing cash depends on your bank, account type and location.