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Friday, 18 September 2020

Important news for SBI customers, the way to withdraw money from ATMs has changed

Important news for SBI customers, the way to withdraw money from ATMs has changed


If you are a customer of State Bank of India, the largest bank in the country, this news is for you. It may be mentioned that since September 18, the method of withdrawing money from SBI's ATMs has changed. The OTP based cash withdrawal facility has been extended for transactions of Rs 10,000 and above at SBI ATMs. This facility of the bank will be available 24 hours from today i.e. 18th September.

OTP has to be used for every transaction

The bank launched an OTP-based withdrawal facility for transactions of Rs 10,000 and above at its ATMs between 8 pm and 8 am in January this year. The facility can be availed during this period now. SBI customers will have to enter the OTP sent to the registered mobile number along with their ATM card PIN to withdraw Rs 10,000 and above. He will have to do this for every transaction.

Appeal to customers to register or update the mobile number


According to the bank, 24-hour OTP-based ATM cash withdrawal facility will help the customer avoid fraud. This feature will help debit cardholders avoid fraud. At the same time, SBI has appealed to all its customers to register or update their mobile numbers. This means that if you want a secure transaction, get registered. OTP based cash withdrawal facility is available only at SBI ATMs. This feature has not been developed in other ATMs.

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