SBI makes big change in transaction rules, know details

New Delhi: 

Now if you withdraw cash of more than 10 thousand rupees from an SBI ATM, then you will need an OTP. You will be able to withdraw money only after entering the OTP. SBI has taken this big decision to secure the transactions from ATMs. In this new rule, customers will not be able to withdraw cash without an OTP.

In such a situation, if you are not aware of this, then know it very well, otherwise, your money may get stuck. This information has been given through a tweet by SBI Bank.

For withdrawing more than Rs 10,000 from ATM, the help of an OTP will have to be taken. This OTP will be sent to your registered mobile. After that you have to use it.

Know the details

– You will need OTP to withdraw money from SBI ATM. 

– For this an OTP will be sent to your registered mobile number.

– This OTP will be of four digits which the customer will get for one transaction.

– Once you have entered the amount you wish to withdraw, you will be asked to enter the OTP on the ATM screen.

– For cash withdrawal you need to enter OTP received on mobile number registered with bank in this screen.

The bank has taken this step to protect the customers from fraud. The bank is continuously receiving complaints related to fraud. SBI has the largest network of 22,224 branches and 63,906 ATMs with 71,705 BC outlets in India.


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