Citibank
Charging foreach withdrawal of eligible cash limit on the credit card

The citibank has allowed me to have cash withdrawal fecility for more than one lakh rupees. But at the ATM I can only draw 30 notes at a time. The notes could be either Rs 500 or Rs1000 denomination depending on the ATM. RecentlyI wanted to draw cash credit of Rs 100000/- for certain emergency. But to get this amount I needed to withdra more than 7 times if the ATM is loadedwithRs500 notes or more than 4 times if theATM is loaded with Rs 1000 notes. For each withdrawal citibank charges 2.75% or 350 whichever is higher. This is not fair and it is nothing but a restrictive trade practice to make more money by way withdrawal fee. They do not send a bank drafteither for d amount.By restricting withdrawal to 30 notes the citibank is fraudulently collecting money. If i am eligible for a cash withdrawal of more than one lakh rupees then I should be able to withdraw the amount in one go or repeated drawal to total the amount eligibleshould not be charged. I approached citibank but they refused to comply.

Company: Citibank
Country: India
State: Karnataka
City: Bangalore

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