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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1064.50
1.70 (0.16%) SBI to introduce OTP-based ATM cash withdrawal system
Date: 27-12-2019State Bank of India (SBI) is going to introduce one time password (OTP) based cash withdrawal system to help protect its customers from unauthorised transactions at ATMs. The OTP-based cash withdrawal system shall be active across all SBI ATMs with effective from January 01, 2020 between 8 pm to 8 am. SBI's OTP-based cash withdrawal facility will be applicable for transactions above Rs 10,000.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.