A convenient and still preferred way of meeting day to day expenses in India is through cash. Cash withdrawal procedure, however, has seen multiple alterations in the past few years with the introduction of credit and debit cards. The alternative methods to withdraw cash have been introduced to make one’s life simpler and the process convenient.

Among others, credit card cash withdrawal is been widely used. Financial institutions and NBFCs have made it possible for you to withdraw cash using a credit card via an ATM. 20-40% of the total credit limit is available for withdrawal.

Also, not all credit cards can be used for cash withdrawal. So, it is important that you avail a card that serves this purpose.

One can easily withdraw cash using a credit card without having to face any application or approval procedure. But, one must repay dues within the due time to avoid imposed monthly interest rates. Few reputed financial institutions and non-banking financial institutions (NBFCs) offer a 0% interest rate on the withdrawn amount for 50 days.

Several other people find debit card as a suitable option for money withdrawal. Here, the amount withdrawn is deducted from your available balance and you don’t have to repay anyone later.

One can even make use of conventional methods of money withdrawal such as, cheque encashment and using withdrawal slip.

Few financial institutions let you withdraw cash even without cards through ATM. You can do so by using their official smartphone application.