New Delhi: SBI with major changes to protect customers from fraud. Now if you want to withdraw money from SBI ATM you have to enter your OTP number. The OTP number comes to the phone number registered with the debit card. SBI has brought these rules because of increasing fraud and cyber crimes.
Method of withdrawing money using OTP
While withdrawing money from SBI ATM OTP you must have your debit card and mobile phone, and enter the OTP received on your phone on the ATM screen, after entering the valid OTP the transaction will be completed.
10,000 or above transactions require OTP
This service will be useful for SBI customers while withdrawing money from ATMs. SBI has brought these rules because of increasing fraud and cyber crimes. Customers withdrawing Rs 10,000 or more in a single transaction from SBI ATMs require OTP to complete the transaction
OTP withdrawal started on 1st January 2020
SBI, the country’s largest lender, started OTP-based cash withdrawal services on January 1, 2020. SBI creates awareness about ATM fraud from time to time through social media and other platforms. It requests all its customers to avail of the service.