SBI OTP-based ATM cash withdrawal: Here is how it works

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Reserve Bank of India (RBI) on Friday decided to permit all banks to introduce cardless cash withdrawals through ATMs

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State Bank of India (SBI) customers can avail of the bank’s one-time password (OTP) based cash withdrawal facility which protects them from unauthorised transactions at ATMs

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SBI facility allows SBI’s customers to withdraw ₹10,000 and above from its ATMs by entering an OTP sent on their registered mobile number, along with their debit card PIN each time. This facility is active since 1 January 2020.

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Lets take a look how the OTP based cash withdrawal system works

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An OTP will be sent to your registered mobile number.

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Lets take a look how the OTP based cash withdrawal system works

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SBI OTP-based ATM cash withdrawal: Here is how it works

SBI OTP-based ATM cash withdrawal: Here is how it works

Reserve Bank of India (RBI) on Friday decided to permit all banks to introduce cardless cash withdrawals through ATMs

Reserve Bank of India (RBI) on Friday decided to permit all banks to introduce cardless cash withdrawals through ATMs

State Bank of India (SBI) customers can avail of the bank’s one-time password (OTP) based cash withdrawal facility which protects them from unauthorised transactions at ATMs

State Bank of India (SBI) customers can avail of the bank’s one-time password (OTP) based cash withdrawal facility which protects them from unauthorised transactions at ATMs

SBI facility allows SBI’s customers to withdraw ₹10,000 and above from its ATMs by entering an OTP sent on their registered mobile number, along with their debit card PIN each time. This facility is active since 1 January 2020.

SBI facility allows SBI’s customers to withdraw ₹10,000 and above from its ATMs by entering an OTP sent on their registered mobile number, along with their debit card PIN each time. This facility is active since 1 January 2020.

Lets take a look how the OTP based cash withdrawal system works

Lets take a look how the OTP based cash withdrawal system works

An OTP will be sent to your registered mobile number.

An OTP will be sent to your registered mobile number.

Once you enter the amount that you wish to withdraw, the ATM screen will display the OTP screen

Once you enter the amount that you wish to withdraw, the ATM screen will display the OTP screen

Lets take a look how the OTP based cash withdrawal system works

Lets take a look how the OTP based cash withdrawal system works

Now, you will have to enter the OTP received on your mobile number registered with the bank

Now, you will have to enter the OTP received on your mobile number registered with the bank

Read More Stories @hindicup

Read More Stories @hindicup