Explained: RuPay cards cash withdrawal, purchase transactions limits by banks
2 min read 09 Jun 2023, 02:58 PM ISTBanks charge an annual subscription fees for RuPay cards as per variants, which are available in these formats -- Government schemes, classic, platinum and select. Here's a look.
PremiumAmid the popularity of RuPay cards gaining momentum in India, people are concerned about the card's withdrawals and purchase transactions limit. Since the banks that issued the RuPay cards decide the daily transaction limits for ATM and POS machine transactions, these vary depending on the card type.
Apart from this, banks charge an annual subscription fee for RuPay cards as per variants, which are available in these formats -- Government schemes, classic, platinum, and select.
Here's a look at how different daily cash and transactions limits of RuPay cards by banks:
SBI RuPay cards: The minimum transaction limit for SBI RuPay cards is ₹100, while the maximum is ₹40,000 at domestic ATMs. Apart from this, the maximum transaction limit is ₹75,000 at daily points of sales online.
HDFC Bank RuPay premium limit: The private lender provides a daily limit of ₹25,000 for domestic ATM withdrawals and up to ₹2.75 lakh for daily domestic shopping. The Cash withdrawal facility, available across merchant establishments, can now be availed with a maximum upper limit of ₹2,000 per day on HDFC Bank Debit Cards, while the maximum cash at the POS limit per month is ₹10,000.
PNB Select Rupay card limit: With PNB RuPay NCMC Platinum Debit Card, a person can withdraw ₹1,00,000 per day at ATM and up to ₹3,00,000 per day at POS/Ecom combined.
Yes Bank Rupay Platinum card: The private lender has set the daily cash withdrawal limit to ₹25,000 and the daily purchase limit at POS* (Point of Sale) at ₹25,000. However, for salaried customers, the transaction limit at ATM and POS limit is ₹75000.
Here's how information on RuPay Card is protected:
· EMV Chip Card
· OTP Protection for online transaction
· ATM PIN protection for POS Transaction
· RuPay Hologram for card authenticity.
· FRM protection by NPCI.
Protection and precautions against fraudulent usage:
1) Keep mobile number updated to receive alerts
2) Never share your RuPay card and pin with anybody
3) Keep RuPay card and pin separate
4) Never disclose the pin to anyone
5) Change RuPay card pin periodically
6) Never share OTP with anyone