The country’s largest government bank SBI (SBI-State Bank of India) has come to a new rule to withdraw cash from ATMs. According to the new rule, now you will need OTP to withdraw cash of more than 10 thousand. That is, you will not be able to withdraw money without OTP. Let us tell you that State Bank had already implemented this rule. It has been implemented for 24 hours from 18 September. Earlier, SBI changed the rules for sending money abroad from October 1 (SBI Banking Rules). Now customers have to pay tax for transactions abroad. That is, customers have to pay an extra charge for sending money abroad.
SBI tweeted – SBI has given information about this new rule by tweeting . According to the SBI tweet, from now on, it has decided to implement the One Time Password (OTP) based ATM cash withdrawal facility 24 hours.
Earlier this rule was only for 12 hours,
according to this rule, the OTP process applies between 8 am and 8 am in the morning. On entering the amount in this, the OTP screen opens and there you have to enter the OTP sent to your mobile number. Transactions will be possible only after this process is completed.
Why did the bank implement the new rule?
Cases of online fraud among Corona virus spread across the country have also increased. Keeping this in mind, SBI has implemented this rule. According to SBI, to protect customers from ATM fraud, 24-hour OTP based service has been launched across the country. The new rule has come into effect from 18 September.
In this way, you can withdraw money
after the new rule, you will see the OTP screen along with the amount on the ATM screen to withdraw cash. OTP will be sent to the customers on their registered mobile number. After this you will have to enter OTP and enter the amount. Explain that OTP based cash withdrawal facility is available only at SBI ATM.
required to take cash to withdraw cash from ATM.
SBI has told its customers that if you are going for withdrawal from the SBI ATM using the SBI card, then definitely take the mobile. It is necessary to understand that OTP will be sent to your registered mobile number. Only after putting OTP will you be able to withdraw 10 thousand or more rupees. The bank has also sent SMS to customers about this.