big information! Changed rules for withdrawing cash from ATMNew rules have been applied for SBI clients to withdraw cash from ATMs through State Bank of India. Based on these new rules, SBI clients can now withdraw cash from ATM cards. To withdraw cash from ATM, OTP will be obtained in the mobile number linked to the checking account. SBI buyer will get the facility to take cash from ATM only after verifying this OTP.
This new rule has been applied through State Bank of India to make the facility of withdrawing cash from ATMs safe. According to these new rules applied by SBI, no buyer can do transaction with ATM card without OTP. Customers are also required to carry their mobile telephone with them to transact at ATMs.
SBI new rules
Through State Bank of India, this rule has been applied for all its clients that they can do transactions of quantity of 10 thousand rupees or more only on the foundation of OTP. For this, OTP number will be despatched to the buyer’s mobile number to withdraw money from ATM through the financial institution. By verifying the OTP number, the buyer will be given an opportunity to transact an quantity of Rs 10,000 or more under the ATM. This initiative has been began by SBI to make this banking companies safe.
SBI Tweet SBI Official Tweet
Under State Bank of India, this data has been given to its clients through a tweet. In which SBI has tweeted that “Our OTP based cash withdrawal system for transactions at SBI ATMs is a vaccination against fraudsters. Protecting you from fraud will always be our top priority,
This is a special effort by State Bank of India to protect all the customers from frauds. According to this process, the transaction related services will be made more secure and better. With the help of OTP, SBI customers can get the benefit of taking cash of Rs.10 thousand or more using their ATM card.
This rule is implemented only for its customers through SBI. These rules have not yet been implemented by other banks for their customers.
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