Banking

How much cash can be withdrawn from bank by cheque

Most banks typically allow cash withdrawals between ₹2 lakh and ₹5 lakh per day via self-cheque at home branches. However, specific limits depend on your bank and account type. Key regulations include:
  • TDS of 2% applies if total cash withdrawals exceed ₹1 crore in a financial year (₹20 lakh if ITR has not been filed for three years).
  • Withdrawals at non-home branches are often free only up to ₹25,000.
  • Large withdrawals may require advance notice and valid identity proof.

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