Withdrawal limit of Rs 20,000 on debit cards is to prevent frauds: SBI MD

Updated:1 month ago IST

New Delhi, Nov 12 (ANI): While taking on the withdrawal limit of Rs 20,000 on State Bank of India (SBI) debit cards, Managing Director PK Gupta said, "We have taken this step for fraud prevention. A customer who wants to withdraw an amount higher than Rs 20,000 can take a card with a higher limit from the bank". He further added, "For customers, we have taken many digital initiatives. Recently, during festive season, we waived our processing charges on loans."

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