SBI Allows OTP Withdrawal Service On Its ATMs

Customers of State Bank of India (SBI) can use the bank's one-time password (OTP)-based cash withdrawal service at ATMs. The OTP is a four-digit number used to verify a user's identity for a single transaction. Customers of SBI can withdraw up to 10,000 from ATMs by inputting an OTP issued to their registered cellphone number, as well as their debit card PIN, each time. This plant has been operational since January 1, 2020. The OTP-based cash withdrawal mechanism operates as follows: -An OTP is required to withdraw cash from an SBI ATM. -An OTP will be sent to the phone number you provided when you select the withdraw using OTP option on the SBI ATM screen. -An OTP is a four-digit number that verifies a user's identity for a single transaction. -The ATM screen will display the OTP screen once you enter the amount you want to withdraw. -Now, in order to collect the cash, you must enter the OTP obtained on your bank-registered cellphone number on this screen.

SBI Allows OTP Withdrawal Service On Its ATMs