The SBI has extended the OTP based ATM withdrawals to 24×7 for Rs 10,000 and above at all SBI ATMs effective September 18, 2020. It, therefore, becomes essential for every SBI savings account holder to register or update their mobile numbers with the bank. The latest SBI initiative will help to provide safety and security to account holder from frauds and minimizing unauthorized transactions.
With an aim to reinforce its ATM security system and safeguarding customers, country’s largest lender, State Bank of India (SBI) had introduced OTP based cash withdrawals of above Rs 10,000 between 8 PM – 8 AM through SBI ATMs from January 1, 2020. Now, Bank is extending OTP-based cash withdrawal for Rs 10,000 and above throughout the day across all SBI ATMs in the country starting September 18, 2020.
