SBI New Rule: This is important news for bank customers. Accordingly, SBI Bank has changed the rules for withdrawing money at DMs. SBI has launched a new initiative to make ATM transactions more secure. It is now mandatory to enter OTP to withdraw money from SBI ATMs.
Currently under the new rule, the customer cannot withdraw money without OTP. In this, OTP will come to the customer’s mobile phone at the time of withdrawal and after entering it, the money can be withdrawn from the ATM (SBI ATM).
SBI Bank has tweeted that our OTP based cash withdrawal system for cash transactions at SBI ATMs will be a shield against fraudsters. Protecting yourself from fraud is our number one priority. SBI customers need to know how the OTP based withdrawal system works.
These rules apply when withdrawing 10,000 and above. SBI customers can withdraw up to Rs. Allows you to withdraw the registered mobile number and debit card PIN and send the OTP from their bank account to withdraw money of Rs 10,000 and above..
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