One bank will offer account-holders cash withdrawals upto Rs 1 lakh in a single day from ATM machines, and enhance their daily debit card shopping limit to Rs 1.25 lakh, starting June 1.
In addition, upto Rs 3 lakhs can be transferred in a day to another account through ATMs and over the phone.
While these facilities are being made available by HDFC Bank now, it is expected that a number of other banks would feel the pressure to follow suit soon, a senior banker said.
— PTI