SBI reduces ATM withdrawal limit to Rs.20,000

State Bank of India has slashed the daily withdrawal limit on its classic debit card from Rs 40,000 to Rs 20,000. 

There is no change in the daily withdrawal limits on other cards. 

The new limit will be effective from October



31st this year. 

A senior bank official said that bank has been receiving many complaints regarding cloning and the decision is taken to reduce the withdrawal limit on these cards to check fraudulent transactions.