Home / Money / Personal Finance /  ATM cash withdrawal: SBI shares 7 safety tips to guard against coronavirus

In the time of novel coronavirus, you must take every precaution to save yourself and your family from the deadly virus. You must follow social distancing not just in your house but even while buying your essentials. This needs to be followed even while withdrawing money from an ATM. Country's largest lender State Bank of India (SBI) has shared certain tips for all bank customers using ATM for withdrawing cash. "Keep your transactions safe and yourself safer. Practice these safety tips and stop Coronavirus from spreading,"SBI said in a tweet.

Precautions you must take while using an ATM as mentioned by SBI are as under:

1) Avoid using the ATM room, if it's already in use.

2) Always stay sanitized

3) Avoid touching areas in the ATM room.

4) Avoid using ATMS if you are suffering from flu.

5) Cover your mouth and nose with your elbow or a handkerchief while sneezing or coughing

6) Avoid disposing used tissue papers and masks inside an ATM lobby

7) Use SBI's digital platforms like YONO, INB, BHIM, SBI, etc for non-cash related transaction.

On Tuesday, Finance Minister Nirmala SItharaman waived a minimum balance fee on the savings bank account. She allowed free withdrawals from any bank ATM for three months.

On Monday, the SBI committed 0.25% of its annual profit of the financial year 2019-20 to fight coronavirus outbreak situation in India. “The fund used to fight COVID-19 pandemic will be spent from CSR funds. This is in line with Ministry of Corporate Affairs’ notification of spending CSR funds for COVID-19 as an eligible CSR activity," SBI said in a statement.

Keeping in view the incidents of ATM-related frauds on the rise, SBI also introduced a one-time password (OTP)-based cash withdrawal system for its ATMs. SBI's OTP-based ATM cash withdrawal facility has come into system with effect from 1 January 2020. This facility will be available for transactions above 10,000 between 8 pm and 8 am.


Sangeeta Ojha

Sangeeta is a Chief Content Producer at Livemint. Writes on personal finance, banking and real estate. She has over 12 years of experience as a journalist with television and digital media
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