SBI OTP Based totally Cash Withdrawal | Want to withdraw money from SBI ATM? Learn OTP based process
Banks have taken several steps to curb ATM fraud. On the other hand, to make ATM transactions more secure, SBI has introduced OTP-based transactions. This new rule will never cost you money. If you have gone to withdraw money from a State Bank of India ATM, you will have to enter the OTP received on the registered mobile number. This will help protect you from fraud.
SBI OTP Based totally Cash Withdrawal transactions to invent transactions from ATMs safer. Maintaining you from frauds is our high priority in any admire instances:
SBI recently tweeted about this from the official Twitter handle. It states, “Our OTP-based cash withdrawal system for SBI ATM transactions is a vaccine against fraudsters. Protecting you from fraud is our top priority.
Our OTP primarily based totally totally money withdrawal machine for transactions at SBI ATMs is vaccination in opposition to fraudsters. Maintaining you from frauds will continuously be our topmost priority. of India (@TheOfficialSBI) January 16, 2022
If you are a customer of SBI, OTP-based Learn more about cash withdrawals. So that there will be no problem in withdrawing money from ATM.
1) SBI customers’ OTP will be sent to the registered mobile number. The customer can withdraw money from the ATM by entering this OTP.
2) OTP will be a four-digit number from which once
3) This will prevent SBI cardholders from withdrawing money from unauthorized ATMs.
This applies to withdrawals of Rs.10,000 and above from SBI ATMs. This service of the bank is applicable from 1st January 2020. This is expected to prevent unauthorized withdrawals from ATMs. At the same time, for any inquiries and more information, customers can log on to SBI’s official website sbi.co.in.
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According to SBI’s website, it is the largest bank in the country with a quarter market share. . It has successfully diversified into various businesses like SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, SBI Card, etc. through its 11 subsidiaries. It is present in all time zones through 32 countries and 233 offices around the world.