SBI ATM Withdrawal Rules: OTP Will Save You From ATM Fraud, Know The Complete Process Of The Transaction

There has been a huge jump in digital fraud and ATM fraud (SBI ATM fraud) during the Corona period. In such a situation, continuous steps are being taken by the banks to give the customers a safe transaction experience. SBI, the country's largest public sector bank, has made strict security arrangements regarding withdrawals from its ATMs. OTP facility has been given so that there is no fraud in the transaction from ATM. This is an extra layer of security. State Bank launched the OTP-based ATM cash withdrawal facility on 1 January 2020.

He is also constantly making his customers aware of this facility. If you are a State Bank customer and withdraw more than 10 thousand cash from SBI ATM, then OTP will be required. The OTP-based transaction is applicable only for doing SBI cards through SBI ATM. OTP will not be required if you transact at SBI ATM with another card. Apart from this, OTP will not be required even if you do transactions from any other bank's ATM with an SBI ATM card.

How will the OTP service work?