1 min read.Updated: 08 Jul 2020, 07:43 AM IST Written By Sangeeta Ojha
State Bank of India (SBI) offers a safe way to withdraw cash over ₹10,000 across all SBI ATMs
SBI has revised ATM withdrawal charges effective 1 July
The State Bank of India (SBI) offers a safe way to withdraw cash over ₹10,000 across all SBI ATMs. This new facility, which was introduced on 1 January, 2020, allows ATM cardholders to withdraw cash with the help of one-time password (OTP). "An all new OTP based cash withdrawal system has been in effect since 1st Jan 2020 at all our ATMs. Protect yourself from unauthorized transactions across all SBI ATMs from 8 PM to 8 AM," SBI tweeted.
6) SBI's OTP-based cash withdrawal system is applicable for transactions above ₹10,000.
7) SBI's OTP-based cash withdrawal system is active between 8 pm and 8 am.
8) This facility for cash withdrawal at SBI ATMs will not be applicable for transactions, where a SBI card holder withdraws cash from another bank's ATM.
Country's top lender, SBI, has revised ATM withdrawal charges effective 1 July. In view of the coronavirus pandemic, SBI had announced waiver of ATM service charges for a period of three months, till 30 June.