Big Alert! In Order To Protect The Customers From Fraud: Rules For Withdrawing Cash From ATM Changed – Know New Rule immediately
SBI New Rule: In order to make ATM transactions more secure, State Bank of India has made important changes in the rules. Actually the bank has decided that now all the account holders of SBI will be able to withdraw money from ATM only on the basis of OTP. So, whenever you want to withdraw money from ATM, the bank will first send OTP to your mobile number, which will be able to withdraw your cash only after entering it in the machine.
The bank tweeted the information
SBI has given this information by tweeting. In the tweet, the bank said, ‘Our OTP based cash withdrawal system for transactions at SBI ATMs is a vaccination against fraudsters. Protecting customers from fraud is the top priority of the Bank.
Rules will be applicable for withdrawal of Rs 10,000 and above
The bank has told that OTP rules will be applicable only on withdrawal of 10 thousand or more amount from ATM. You will not have to enter any OTP for withdrawing amount 9999 or less.
The bank has taken this step in order to protect the customers from fraud.
Know the process here
- Whenever you go to withdraw 10 thousand or more cash at SBI ATM, OTP will be required.
- OTP will be sent on the registered mobile number of the customer only.
- 4 digit OTP will be valid only for single transaction.
- When you enter 10 thousand or more amount in the ATM machine, then you will get a message to enter OTP on the ATM screen.
- The amount will be withdrawn only after entering the 4 digit OTP received on the registered mobile number.
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