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Bank Withdrawal Rules: Can a bank provide a guarantor to withdraw money from your account? Learn about the rules regarding cash withdrawals to avoid problems later.

Many people in the country have bank accounts, where they keep their money safe and can easily withdraw it when needed. The rules for withdrawing money from banks are not very strict, so people don't face much difficulty.

There are some bank branches in the country where, if you go to withdraw money, bank officials ask for a guarantor. This means you should bring someone who also has an account with the bank. But will the bank refuse to allow withdrawals without a guarantor?

This is a question that comes to many people's minds. Often, customers assume that some kind of guarantor will be required to withdraw money from their account. But is there really such a rule? If you have this question, let me tell you that there is no such rule.

The main task of a bank for withdrawing money is to verify the identity of its customer and their account. However, some people complain that they went to the branch and tried to withdraw money, but the staff asked them to provide a guarantor.

It should be noted that banks generally require guarantors only when opening new accounts or taking out loans. This requirement does not apply to normal cash withdrawals. If your account is active and KYC is complete, the bank should process the payment even without a guarantor.

A passbook, check, or withdrawal slip, and a valid identity card are usually sufficient for cash withdrawals. This ensures the bank is sure that the money is being disbursed to the rightful person. However, banks may sometimes request additional documents for security reasons, especially in large transactions.

But this does not necessarily mean providing a guarantor. This is simply to ensure no fraud occurs. In such cases, the customer simply needs to prove their identity. Rules state that the account holder cannot be prevented from withdrawing their funds.