NEW DELHI: From January, SBI customers will be able to make ATM withdrawal above Rs 10,000 only after an OTP verification during 8 PM to 8 AM.
The OTP-validated ATM transaction has been introduced to minimise the number of unauthorised transactions, State Bank of India (SBI) said in a Facebook post.
“With the introduction of its OTP-based cash withdrawal facility, State Bank ATMs have added another layer of security for cash withdrawals. OTP will be received on the customer’s mobile number registered with the bank,” SBI said.
This additional factor of authentication will protect State Bank card holders from unauthorized ATM cash withdrawals, it said further. (AGENCIES)
Follow our WhatsApp channel
