SBI ATM Withdrawal Rule Changed: If you are a customer of SBI then there is important news for you. Now to withdraw money from SBI ATM you have to give a special number, if you do not give this number then your cash will get stuck. Actually, SBI has changed the rule of withdrawing cash from ATM.
There is good news for SBI customers. The bank has now changed the rule of cash withdrawal from ATM. Now you have to give a special number to withdraw cash from SBI ATM. If you do not enter this number then your cash will get stuck. Actually, the bank has taken this step to make ATM transactions more secure. Let us know about this rule.
According to the information given by the bank, under this new rule, the customer cannot withdraw cash without OTP. In this, at the time of cash withdrawal, customers get an OTP on their mobile phones, which is entered only after cash is withdrawn from the ATM.
Bank has given information
The bank has already informed about this rule. The bank said, ‘Our OTP based cash withdrawal system for transactions at SBI ATMs is an immunization against fraudsters. Protecting you from fraud will always be our top priority. SBI customers should be aware of how the OTP based cash withdrawal system will work.
Know what is the rule?
Let us tell you that to save customers from fraud, the bank has implemented a new rule on withdrawal of Rs 10,000 and above. Under this, SBI allows customers to withdraw Rs 10,000 and above from their ATM every time with an OTP sent to their registered mobile number from their bank account and their debit card PIN. Let’s know its complete process.
Know the complete process here
For this you will need an OTP, without which you will not be able to withdraw up cash.
– An OTP will be sent to your registered mobile number.
– This OTP will be a four digit number which the customer will get for a single transaction.
– Once you enter the amount you want to withdraw, you will be asked to enter the OTP on the ATM screen.
– You will have to enter the OTP received on the mobile number registered with the bank in this screen for cash withdrawal.
Why did the bank take this step?
Why the need for OTP based cash withdrawal? On the question, the bank said, ‘This step has been taken so that the customers can be saved from fraud.’ Actually, SBI is the largest public sector bank in the country. It has the largest network of 22,224 branches and 63,906 ATM/CDM with 71,705 BC outlets in India. The number of customers using internet banking and mobile banking are around 9.1 crore and 2 crore respectively.
