The rules for withdrawing cash from ATMs will change from September 18. Know what you have to do to withdraw money now?
The rules for withdrawing cash from ATMs will change from September 18. Know what you have to do to withdraw money now? Cases of ATM fraud are on the rise during the lockdown. Following this, the country's largest bank - State Bank of India (SBI) has decided to implement 24x7 one time password i.e. OTP based ATM cash withdrawal facility. The facility will be available at SBI ATMs across the country from September 18. OTP will be required to withdraw money even during the day Now OTP will be required even during the day to withdraw more than Rs 10,000 from SBI ATM. Until now, OTP was required only for withdrawals of Rs 10,000 or more from 8 pm to 8 am. The bank had implemented the new rule from January 1. Under this, OTP based cash withdrawal will be applied from 8 pm to 8 am on withdrawals of Rs 10,000 or more. How can money be withdrawn now? Now from Friday, September 18, if you go to an ATM to withdraw Rs 10,000 or more, you will be sent an OTP from the bank to a registered mobil...