I really appreciate the 10L payment limit on the debit card, but the 50k ATM limit sucks! Make it 10L as well? Or maybe even increase it to 5L initially. I’ll make Jupiter my primary account if you do.
I don’t know much about other banks, but for me, my SBI card’s ATM withdrawal limit is either 40,000 or 50,000 .
Never got the chance for it.
As far as I have seen 1L daily limit for cash withdrawal is the highest .
My indusind has 2L limit for cash withdrawal
My axis priority has 4L I guess
@Shawnpinto your views on this?
The limits are impose by the Partner bank (Federal Bank), I believe jupiter can’t do anything on this.
Also it’s better have a current account for such high value transaction.
No. It is completely possible for Jupiter if they want to, federal bank is a very cooperative partner and it doesn’t really care if limit is 1L or 10L…
A card with high limits shall be one’s primary bank account. You don’t know when the emergency comes.
I’ve some questions regarding merchant spends via debit card.
I can see that there are no transaction fees for debit card ATM transactions at Federal bank ATMs. But are there any limits on merchant spends?
How much merchant spends one can do with Debit card per day/month?
Are there any hidden/unknown charges for debit card uses?
For example, suppose I do 1 lakh debit card spends every day for a month, will it cost me some fees/charges?