State Bank of India changes rules for ATM use; Check details here...
The bank has tweeted that we have decided to implement the one-time password based ATM cash withdrawal facility from now on keeping in mind the safety of customers.
New Delhi: State Bank of India (SBI), the country's largest state-run bank, has changed the rules for withdrawing cash from ATMs. According to the new rule, now customers of the bank will need one time password i.e. OTP to withdraw more than ten thousand rupees cash from ATM. That is, now you will not be able to withdraw much money without OTP.
Bank tweeted this information:
Please tell that this new rule of the bank has been implemented for 24 hours from September 18. State Bank of India has also given information about this by tweeting. The bank has tweeted that we have decided to implement the one-time password based ATM cash withdrawal facility from now on keeping in mind the safety of customers. This facility will be applicable till 24 × 7.
After the new rule is implemented, the customer will see the money as well as the OTP screen on the ATM screen. When you put the amount in it, then the OTP screen opens and you have to put the OTP there. Please tell that one time password will be sent to your registered mobile number, the same has to be entered here. After this process is complete, the transaction will be possible.
ATIM use with OTP:
Please tell that meanwhile online fraud has increased significantly. Therefore, the bank has implemented this new rule keeping in mind the safety of its customers. It is a 24-hour OTP based service across the country. Explain that OTP based cash withdrawal facility is available only at SBI ATMs. So if you are a SBI customer and you need 10 thousand or more money then you must take your mobile.