Depending on the balance in your account, it is possible to withdraw cash up to Rs.50,000 at the ATM daily, and spend Rs.3.50 lakhs daily on shopping. These limits have been set for your card security.
All online card transactions, as per RBI’s mandate, need to have a second level authentication when a transaction is made. Hence the cards need to be registered for Verified by Visa (VBV)or MasterCard Secure Code to complete an online transaction. A transaction can be carried out only on those websites that are Verified by Visa or MasterCard Secure Code enabled.