The time limit for withdrawing cash from State Bank of India ATMs using OTP has been increased to 24 hours. 10,000 or above can be withdrawn in this manner. From September 18, all SBI The facility will also be available at ATMs. The bank has asked customers to update and register their mobile number to avail of the facility.
Such an upgrade is part of a measure to protect consumers from illegal transactions and fraud. OTP is effective from January 1, 2020. SBI based cash withdrawal system Implemented. But initially, it was possible to withdraw money in this way from 8 pm to 8 am.
To ensure the safety of its customers, SBI has introduced OTP based withdrawals above Rs 10,000 through SBI ATMs from January 1, 2020, from 8 pm to 8 am. But now the bank has introduced a 24-hour OTP-based withdrawal facility. With this, the security level of cash withdrawals through SBI ATMs has been strengthened.
