Cash Withdrawal Rules Under Section 194A TDS on Cash Withdrawals Over ₹1 Crore: If you withdraw more than ₹1 crore from your savings account in a financial year, 2% TDS (Tax Deducted at Source ...

Banking Guidelines: Cash Deposit and Withdrawal Limits in Savings Accounts ... in the past three years, enhanced TDS rates apply. Important Note: The deducted TDS under Section 194N is not ...

There may also be limits that apply per transaction. Here’s a closer look at how cash ATM withdrawal limits work. Banks can impose ATM withdrawal limits out of practicality and for security reasons.