INSUBCONTINENT EXCLUSIVE:
For each withdrawal, the customer is required to enter the debit card PIN along with the OTPState Bank of India (SBI) on Tuesday said it
will allow its customers to make OTP- or one-time passcode-based withdrawals from its ATMs round the clock from Friday
said in a statement, urging its customers to get their mobile number registered or updated, in order to use the facility
The move is aimed at safeguarding customers from frauds and minimizing unauthorised transactions, SBI said.SBI had introduced OTP-based cash
strengthened the security system in ATMs, SBI said."SBI has always been at the forefront in ensuring convenience and safety to its customers
through technological improvisation and augmentation of security level," said CS Setty, managing director (retail and digital banking),
withdrawal, the customer is required to enter the debit card PIN along with the OTP (received on the registered mobile).Once the customer
enters the withdrawal amount, the ATM will ask for the OTP
This will be sent to the customer's registered mobile number.The facility is only available at State Bank of India ATMs.
