64% not happy with SBI move to cap ATM withdrawal at Rs 20,000: BS poll

Business Standard conducted a poll asking readers if SBI's decision to lower its daily cash withdrawal limit is justified. Here are the results

The nation's largest lender State Bank of India on Monday slashed the daily withdrawal limit from ATMs to half — from Rs 40,000 to Rs 20,000 — to check fraudulent transactions. The new limit will be effective from October 31 for the bank customers who number over 420 million.

With the festive season round the corner, Business Standard yesterday conducted a poll asking users across Facebook, Twitter and its website whether the bank’s decision to lower its daily cash withdrawal limit is justified.