SBI cuts daily ATM withdrawal limit from â¹40,000 to â¹20,000 
State Bank of India (SBI) has reduced the cash withdrawal limits on its Classic and Maestro debit cards from â¹40,000 to â¹20,000 per day with effect from October 31. India's largest lender said the limit was lowered to prevent fraudulent transactions. "If you require a higher daily cash withdrawal limit, please apply for a higher card variant," SBI said.