Common questions

Why I Cannot withdraw money from my SBI account?

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Why I Cannot withdraw money from my SBI account?

SBI Bank KYC: All State Bank of India (SBI) account holders who have not completed their KYC or Know Your Customer requirement will not be able to withdraw cash from their accounts. The state-run bank has issued a notice to its account holders with regards to their incomplete KYC.

Why is my bank not letting me withdraw money?

This is because of internet connection, power failure, too many transactions processed in one go, among others. You can either wait for sometime and try again using your debit card, or visit another terminal. Or else, you can rectify the error with your bank.

What does Restricted card mean?

When an ATM screen shows your card as restricted, that means your bank is hard at work protecting you from fraud or some other problem. Banks, credit unions, brokerage accounts and other debit card issuers take great pains to prevent fraud, and you are the beneficiary of their problem-detection systems.

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Why can’t I make a withdrawal with my ATM card but I can check the balance?

If you are not able to check your balance, there is a possibility that the magnetic stripe on your ATM card has been damaged. You will be able to make a request to reissue your new ATM card on the Request Procedure Form.

How can I withdraw money from my SBI account?

For cash withdrawal by a third party using cheque, KYC of the third party will be required,, the bank said. As per the new rule, if you want to withdraw money at a non-home branch of SBI by using with withdrawal form, you will have to carry the Saving Bank passbook along. This way you can withdraw up to Rs 25,000.

What is the limit of card to card transfer in SBI?

Card to Card Transfer Send cash in a flash from one SBI Debit Card to the other. Using this free and easy service, you can transfer up to Rs. 40,000/- per day instantly to your loved ones. There is no limit on number of transactions.

Why can’t I withdraw from savings at ATM?

Foreign banks may not allow funds to be withdrawn from a savings account. If your savings account is not linked to your debit card, you can contact us to have the account linked so you can access the funds at the ATM.

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Why is there a hold on my savings account?

Your bank might have several reasons for placing a hold on funds you deposited into your account. The bank can also hold a deposit if it has reason to believe that the check is fraudulent or suspicious. If your account has a history of overdrafts, your bank can hold deposits for a longer period of time, too.

What happens when your account is restricted?

A restricted account may limit or prevent you from withdrawing funds. It may even limit the number of deposits you can make and checks you can write. In some cases, an account holder can place restrictions on his own account.

How do you check whether the ATM card is blocked or not?

How to know if your ATM card is blocked? When your card is blocked, you cannot make online payments as it will get declined. Also, the card will not be read by the card reader at the ATM or it will not accept the PIN or decline the transaction again.

What is the meaning of unable to process in ATM?

Updated: 12 Oct 2019, 08:46 AM IST Surajit Dasgupta. A failed ATM or debit card transaction is one which has not been completed due to any reason not attributable to the customer. The RBI has specified compensation if the failed transactions are not reversed within a specified period.

Will SBI waive ATM charges for all transactions?

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“In view of the announcement made by Finance Minister on 24th March, State Bank of India has decided to waive ATM charges for all ATM transactions made on SBI ATMs and other bank ATMs on account of exceeding free number of transactions up to 30th June,” the announcement was posted on SBI’s official website.

Are SBI ATMs in India now more secure?

At present, this extra level of security is available for transactions at SBI ATMs between 8 pm and 8 am. “Your transactions at SBI ATMs are now more secure than ever. SBI extends OTP based cash withdrawal facility to 24×7 for amount ₹ 10,000 and above from 18.09.2020,” country’s topl lender tweeted.

What is the maximum amount of transactions allowed in SBI?

2) SBI account holders above ₹ 25,000 and upto ₹ 50,000 AMB will get 8 free transactions at other bank ATMs ( 3 in metros, 5 non-metros). 3) SBI will allow its customers maintaining an average balance of more than ₹ 25,000 in their savings accounts an unlimited transactions at State Bank Group (SBG) ATMs.

How to get 8 free transactions in SBI in India?

1) Account holders with upto ₹ 25,000 Average Monthly Balance (AMB) in their savings bank account will get eight free transactions, including five transactions at SBI ATMs and three transactions at other bank ATMs in six metro centres ( Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad).