what is pos limit in debit card

A POS (Point of Sale) transaction is a purchase made with a debit card, and the cardholder is required to enter their PIN on a keypad. The POS limit on a debit card refers to the maximum amount of money that can be withdrawn per day at a POS terminal. Since POS is not the primary means of withdrawing cash, it comes with a cash withdrawal limit. The POS transaction limit for withdrawing cash per day is up to INR 2,000 in Tier III and IV centres, while you can withdraw up to INR 1,000 in Tier I and II centres. The limit is set by the Reserve Bank of India (RBI) and applies to all debit cards issued by banks in India. The withdrawal limit may vary depending on the location of the POS terminal and the type of card used. It is important to note that the POS cash withdrawal facility is only available when using debit cards, open-system prepaid cards, and Unified Payment Interface (UPI) .