Chandigarh, September 17, 2020: State Bank of India is going to make it mandatory from September 18 to enter one-time password (OTP) for withdrawal of Rs 10,000 and more at ATMs.
SBI debit card holders now have to enter OTP sent on their registered mobile numbers along with their debit card PIN each time.
“With the introduction of 24×7 OTP-based cash withdrawal facility, SBI has further strengthened the security level in ATM cash withdrawals. Implementing this facility throughout the day would prevent SBI debit cardholders from the risk of falling prey to fraudsters, unauthorized withdrawals, card skimming, card cloning and the likes,” SBI said in a statement.
