Indian Overseas Bank ATM Withdrawal Limit – Daily Cash Limit & Charges

Key Insights
 

1. You can check your limits through net banking, so you can spend accordingly and avoid unexpected charges.

2. You get 10 free withdrawals each month at IOB ATMs and 5 at other ATMs. If you go over these limits, you will be charged a fee.

3. You can check your current limit online, but to increase it, you need to visit your branch for more financial flexibility.

If you use an Indian Overseas Bank card to withdraw money from an ATM, you can, but do you know the limit of our Debit Card?

In this blog, you can learn about the ATM withdrawal limit for different types of Indian Overseas Bank cards and how to check your Indian Overseas card withdrawal limit.

You can learn how to increase your withdrawal limit and what the charges are for ATM withdrawals if you cross the withdrawal Limit.

What is the Indian Overseas Bank's ATM Withdrawal Limit?

Indian Overseas Bank provides ATM facilities to our customers, but there are limits on cash withdrawals at its ATMs. 

Let's understand the Indian Overseas Bank ATM Withdrawal Limit by the Dev example.

Dev uses a Master Card World Debit Card of the Indian Overseas Bank. He pays annual maintenance charges of ₹400 + GST for Mastercard World. Dev withdraws cash in line with his budget.

But there are some withdrawal limits for the Mastercard World Debit Card that Dev should know about, as they help him avoid unnecessary fees.

Here is the ATM withdrawal limit for the Mastercard World Debit Card of Indian Overseas Bank.
 

Every month, Dev gets 10 free transactions at Indian Overseas Bank ATMs and 5 free transactions at other banks' ATMs.

Bonus Tip: Do you know? You can secure an online transaction using the MasterCard ID of the 

MasterCard World Debit Card issued by Indian Overseas Bank.

Indian Overseas Bank ATM Withdrawal Limit by Card Type

Indian Overseas offers various Debit cards to our customers, which allow you to withdraw cash, but every Debit Card has their own ATM withdrawal Limit.

Here is the ATM withdrawal limit for the Indian Overseas Debit Card:

These are the top Indian Overseas Debit Cards, each with an Indian Overseas ATM withdrawal limit that helps you avoid unnecessary charges.

How to Check the Indian Overseas Bank ATM Withdrawal Limit?

Suppose you want to check your ATM withdrawal limit with the Indian Overseas Bank. So, there are some which help you to find out your ATM withdrawal Limit.

Here is the list of Indian Overseas Bank ATM withdrawal limits for the Indian Overseas Bank.

1. Via the Indian Overseas Bank Internet Banking dashboard

Here are the steps to check your Indian Overseas Bank ATM withdrawal limit.
 

• You have to log in to the Indian Overseas Bank Internet banking.
   
• Then click on the account section.
   
• Then you enter your Debit card details, as every Debit card has a different withdrawal limit. 
   
• After entering all the details, you will see your debit card's withdrawal limit.
   

These are the steps you can follow to check your debit card details.

2. By calling customer care or visiting a branch.

If you want to check your Indian Overseas Bank ATM withdrawal limit, you can call the customer care number 18008904445 / 18004254445.

You can visit an Indian Overseas Bank branch to check your Debit Card withdrawal limit using your Debit card details.

These are the steps to check your Indian Overseas ATM withdrawal details.

How to Increase Your Indian Overseas Bank ATM Withdrawal Limit?

There are two methods you can use to increase or decrease your Indian Overseas ATM withdrawal limit.

Here are the methods for the Indian Overseas ATM withdrawal limit:

1. Visit the Indian Overseas Branch

• You can visit the Indian Overseas Bank Branch.
   
• Request to the personal banker who needs to increase your withdrawal limit.
   
• The Indian Overseas Bank provides you with a form to fill out and submit along with the necessary documents.
   
• Now wait for the approval of the increased withdrawal limit.
   

2. Customer Care 
    

You can call your bank’s customer care helpline or speak to your personal relationship manager to find out the protocol you need to follow.

These are the steps which you need to follow to increase your debit card limit.

Indian Overseas Bank ATM Transaction Charges & Limits

You can withdraw cash with a Debit card, but if you exceed the limit, you will incur charges.

• With Indian Overseas ATMs: If you cross 10 transactions in a month, you have to pay ₹ 10 + GST on every financial transaction.

• With Other Bank ATMs: If you cross 5 transactions in a month, you have to pay ₹ 23 + GST on each financial transaction, and in metro cities, 4 financial transactions.

These are the charges if you exceed the Indian Overseas ATM withdrawal limit.

Bonus Tip: Do you know? If you cross 10 transactions, even if you check your balance or request a mini statement, you have to pay ₹ 5 + GST.

Conclusion

The Indian Overseas Bank ATM withdrawal limit is critical to know if you don’t want to incur unnecessary charges. To check your card limit, use internet banking, customer care, or visit the branch.

You can increase your ATM withdrawal limit to your preferred limit, but there is no online option; you have to visit an Indian Overseas Bank branch to change it.

FAQs

I have a basic IOB card; what is my daily shopping (POS) and online (E-Com) limit?

If you have a basic IOB Debit Card, your limit is ₹50,000.

How much can I withdraw using an ATM?

The amount you can withdraw from an ATM each day depends on your bank. Most banks let you take out between ₹20,000 and ₹1,00,000 per day.

Can I withdraw ₹1000 from the ATM at once?

Yes, you can withdraw Rs. 1,000 at a time from any bank’s ATM.

How to increase the ATM limit?

To increase your ATM limit, you can call the bank’s customer care number or visit your local branch. Many banks also let you raise your limit online by logging in to your net banking account.

Apply for Loans Fast and Hassle-Free

Apply Now

About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.