SBI changed ATM card rules, know before withdrawing money or else the transaction will stop

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SBI Changes ATM Card RulesSome new guidelines have been applied for all clients of SBI through State Bank of India to do ATM transactions. Now SBI clients will be eligible to transact at ATMs only on the foundation of these new guidelines. So let’s know about these new guidelines, how SBI clients can withdraw cash from ATM.

SBI changed ATM card rules, know before withdrawing money or else the transaction will stop
SBI ATM Card New Rule

(*10*)SBI Changes ATM Card Rules

In order to provide safety to the clients through State Bank of India, this rule has been applied on ATM transactions. Keeping in thoughts the security of the buyer, important changes have been made in the financial institution guidelines under SBI. This step has been taken by SBI so that clients can be saved from banking fraud. Now clients will have to use OTP to do transactions up to Rs 10,000 from ATMs. If the buyer does not use OTP to withdraw cash, then he will not be ready to withdraw 10 thousand rupees from the ATM.

Know before withdrawing money or else the transaction will stop

Now OTP number will be despatched to the mobile number registered with the financial institution for SBI buyer to withdraw from the ATM. On the foundation of this OTP, he can withdraw more than 10 thousand rupees. This is a good step taken by SBI to shield clients from banking frauds. Information about this rule has been given by SBI through tweet. Now all SBI clients will have to take the help of OTP to do the transaction. Keep in thoughts that the OTP number will be despatched to the buyer in the same mobile number which is registered in his checking account.

How to do transaction with OTP

  • OTP number will be despatched to the registered mobile number of the buyer for withdrawal of more than Rs 10,000 from SBI ATM.
  • This OTP number will be of 4 digits for ATM withdrawal.
  • After coming into the cash quantity from the ATM, you will be requested to enter the OTP.
  • Now you can do the transaction by verifying the OTP number obtained in the mobile.

This is a particular step taken by SBI to provide safety towards banking frauds taking place to clients. State Bank of India was continually getting complaints from clients that banking fraud is taking place with them. In such a state of affairs, in view of the rising circumstances of banking fraud, this process has been adopted to management it. In which now the buyer will have to use OTP for withdrawal above Rs 10,000.

STATE BANK OF INDIA has 22 thousand 2 hundred 24 branches throughout the nation with 71,705 BC retailers. With this 63 thousand 906 ATMs are available. It is the largest banking community ever.

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