OTP Needed to Withdraw Bulk Money in SBI ATM From Jan 1 2020; Brief Report

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The State Bank of India (SBI) has announced that it will introduce an OTP based withdrawal system for transactions above INR 10,000  from 1st of January 2020. "With a view to minimize the number of unauthorized transactions happening on ATMs, State Bank of India announced the launch of OTP Based ATM Withdrawal for transactions above ₹ 10,000/- between 8 PM to 8 AM.  With the introduction of its OTP Based Cash Withdrawal Facility, State Bank ATMs have added another layer of security for cash withdrawals," said SBI's official statement

When you insert your SBI card in any SBI ATM and try to withdraw above INR 10, 000, an OTP screen will be displayed on the ATM display. Meanwhile, an OTP will be sent to the registered mobile number which the user needs to enter to proceed further.

The security system is enabled to provide additional night security from 8 PM to 8 AM. Further, the OTP system will be available only at SBI ATMs and not other bank ATMs.

அரசியல், விளையாட்டு, நாட்டுநடப்பு, குற்ற சம்பவங்கள், வர்த்தகம், தொழில்நுட்பம், சினிமா, வாழ்க்கை முறை என பலதரப்பட்ட சுவாரஸ்யமான செய்திகளை தமிழில் படிக்க இங்கு கிளிக் செய்யவும்      

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