SBI to extend OTP-based ATM withdrawal 24×7 from September 18

State Bank of India (SBI) on September 15 said it is extending OTP-based cash withdrawal for Rs 10,000 and above throughout the day across all SBI ATMs in the country starting September 18, 2020.

For withdrawing Rs 10,000 and above, SBI debit cardholders now have to enter OTP sent on their registered mobile numbers along with their debit card PIN each time, the bank said.

With an aim to reinforce its ATM security system and safeguarding customers, the country’s largest lender, SBI had introduced OTP based cash withdrawals of above Rs 10,000 between 8 PM – 8 AM through SBI ATMs from January 1, 2020.