SBI ATM Withdrawal Rules Changed: There is good news for SBI customers. The bank has now changed the rules for withdrawal from ATMs. Now you have to enter a special number to withdraw money from SBI ATM. If you don’t enter this number your money will be stuck. Meanwhile, the bank has taken this step to make ATM transactions more secure. Let’s know about this rule. (SBI ATM cash withdrawal rules on OTP based SZ)
According to the information given by the bank, according to this new rule, customers cannot withdraw money without OTP. At the time of withdrawal, customers will receive an OTP on their mobile phone after entering the ATM withdrawal number.
Bank informed
The bank has introduced OTP based transactions to secure the ATM transactions of the customers. The main purpose of this facility is to keep the customer’s money safe.
What are the rules?
To protect customers from fraud, the bank has introduced new rules on withdrawal of Rs 10,000 and above. Under this, SBI allows customers to withdraw Rs 10,000 and above from their ATMs every time they withdraw from their bank account with an OTP sent to their registered mobile number and debit card PIN. Let us know its complete process.
Know the whole process here
For this you will need an OTP, without which you will not be able to withdraw.
An OTP will be sent to your registered mobile number.
This OTP will be a four digit number that the customer will get for one transaction.
After entering the amount you want to withdraw, you will be asked to enter the OTP on the ATM screen.
To withdraw cash, you need to enter the OTP received on the mobile number registered with the bank in this screen.
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Why did the bank take this step?
Why is OTP based cash withdrawal required? On the bank’s question, he said, “This step has been taken to protect the customers from fraud.” Actually, SBI is the largest public sector bank in the country. India has the largest network of 22,224 branches and 63,906 ATMs/CDMs with 71,705 BC outlets. The number of customers using Internet Banking and Mobile Banking is around 91 million and 20 million respectively.
