SBI Customers Will Need Their Mobiles For Withdrawing Cash From ATM: Do This Immediately!

If you are an SBI customer and wish to withdraw more than Rs 10,000 from an SBI ATM, then you will need your mobile with you. 

If you don’t have your mobile, then you wont be able to withdraw cash of more than Rs 10,000 from ATMs.

SBI has issued an urgent advisory for all customers, regarding this.

SBI: Register Your Mobile Number Now

After introducing OTP based ATM cash withdrawal process for more than Rs 10,000, SBI has now issued an advisory for all customers.

In a tweet, SBI has said that every customer must register their mobile number at their nearest SBI branch, if they wish to withdraw more than Rs 10,000 from an SBI ATM.

SBI said, “ATM cash withdrawals now made even safer, with the OTP-based authentication process from #SBI, in effect from 1st January, 2020! Register your mobile number at the nearest SBI branch or ATM to benefit from this service.”

Here is their tweet:

ATM cash withdrawals now made even safer, with the OTP-based authentication process from #SBI, in effect from 1st January, 2020! Register your mobile number at the nearest SBI branch or ATM to benefit from this service.#SafeBankingInitiative #ATM #Cash #OTP #NewYear2020 pic.twitter.com/BOIHssxVMy

— State Bank of India (@TheOfficialSBI) January 1, 2020

SBI’s OTP Based Cash Withdrawal: How Will it Work?

Starting January 1st, 2020, SBI which is India’s largest bank, has initiated an OTP based ATM cash withdrawal process.

This is how it will work:

• SBI users need to insert debit card in the ATM
• If the amount is more than Rs 10,000, then they will receive an OTP at their registered mobile number, linked with their SBI account
• Once the OTP is received, they need to enter that, along with the debit card ATM Pin.
• Cash will be rendered out

Note here, that this OTP based cash withdrawal won’t work in any other ATM except SBI, and the timing of this OTP based process is between 8AM to 8PM.

If you are a SBI user, then it is highly recommended that you register your mobile number, at the nearest SBI branch, and avail this OTP based ATM cash withdrawal process seamlessly.

We will keep you updated, as more details come in.