Transaction Limits on State Bank Buddy Wallet

 

Limits Per Wallet

NIL KYC

Full KYC

Maximum balance at any point of time

20,000/-

50,000/-

Top up through any channel per transaction

20,000/-

10,000/-

-Through Debit Cards

5,000/- (Visa / MasterCard) 2,000 (RuPay)

10,000/-

Total reload in a month

20,000/-

50,000/-

Total transactions (merchant transactions and fund transfers) – Daily limit – Monthly limit

15,000 – 20,000

50,000 – 1,00,000

Fund transfer (Transfer to Account) – Per transaction limit – Daily limit – Monthly limit

2,000/- 2,000/- 20,000/-

5,000/- 5,000/- 25,000/-

Cash out at ATM per transaction (Coming soon)

Not allowed

(under process)10,000/-

* Limits enhanced till 30th Dec’2016 as per RBI Circular dated 22nd Nov’2016, subject to review after 30th Dec’2016.

#Reference: Link 

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