Cash withdrawal using IDFC Wealth Credit card

[Neo]

I have IDFC Wealth Credit card with the limit of 1 L cash withdrawal. It is offering interest free cash withdrawal. However for every transaction, you have to pay a fee 250+tax.

My question is, what is the best way to withdraw 1L. I don't think IDFC ATM will allow me to withdraw 1L in oneshot, as the ATM will have 500 rupee notes and there will be a limit on number currency notes it can dispatch.

If I do multiple transactions, then I have to pay transaction fee everytime. Any ideas here?

 

[Wealth is my birth right!]

I have IDFC Wealth Credit card with the limit of 1 L cash withdrawal. It is offering interest free cash withdrawal. However for every transaction, you have to pay a fee 250+tax.

My question is, what is the best way to withdraw 1L. I don't think IDFC ATM will allow me to withdraw 1L in oneshot, as the ATM will have 500 rupee notes and there will be a limit on number currency notes it can dispatch.

If I do multiple transactions, then I have to pay transaction fee everytime. Any ideas here?

The catch is that single time max withdrawal is 10k so if u want to take 1l then u end up 250*10 plus gst
Good feature but use only for emergency

 

[Neo]

The catch is that single time max withdrawal is 10k so if u want to take 1l then u end up 250*10 plus gst
Good feature but use only for emergency

Thanks for the information!

 

[sharpened]

The catch is that single time max withdrawal is 10k so if u want to take 1l then u end up 250*10 plus gst
Good feature but use only for emergency

Is this applicable abroad too?

 

[Wealth is my birth right!]

Is this applicable abroad too?

Applicable
But FC mark up then dcc all will add together so not a good deal

 

[sharpened]

Applicable
But FC mark up then dcc all will add together so not a good deal

IDFC Wow. 0% markup.

 

[Wealth is my birth right!]

IDFC Wow. 0% markup.

Yes
But it’s issued with fd only na
I mean secured

 

[satviksehgal]

Unpopular Opinion but I find IDFC bank to be just faking things of being a good bank and all. Kotak did this too about 2 decades back and see how it went.

also, they have started to charge a Rs 5 monthly fees for FastTag. tF is this. who does that?

 

[sharpened]

Yes
But it’s issued with fd only na
I mean secured

Yeah, but I took one since the FD rate is decent and Niyo doesn't work anymore, RIP.

 

[kowsikbabu]

The catch is that single time max withdrawal is 10k

Is this limit on the credit card or on the ATM? Because HDFC ATMs allow higher withdrawals

 

[Deleted member 11974]

Unpopular Opinion but I find IDFC bank to be just faking things of being a good bank and all. Kotak did this too about 2 decades back and see how it went.

also, they have started to charge a Rs 5 monthly fees for FastTag. tF is this. who does that?

now other banks dont charge for fast tag afaik shift to those banks fasttage