New Delhi: If you withdraw money from State Bank of India (SBI) debit card from 8 am to 8 am from SBI's ATM, an OTP will come to your registered mobile number. Only after inserting this OTP you can withdraw money from ATM. Actually, many cases of ATM fraud are coming up, that is why this step has taken by the bank to stop it.
This arrangement will be applicable for withdrawing an amount of 10 thousand or more. State Bank of India officials has given information that the incidence of illegal transactions from ATMs has increased significantly. SBI studies have shown that most of the frauds occur at night. To stop this, the bank had been trying for a long time, now the bank has taken this step.
He told that the OTP will be released by the system, which will include both numerals and English letters. This OTP will be valid for one transaction only. The bank has made it clear that no changes have been made other than OTP regarding the withdrawal of rupees from ATMs. Similarly, if you withdraw money from SBI ATM from another bank's debit card, then this rule will not be applicable to that.