From today, 1st January 2020, few rules are changing for State Bank of India (SBI). Let's take a look at what will change for SBI customers from New Year 20201) SBI introduces OTP-based ATM transactionsSBI customers will be able to make ATM withdrawal above ₹10,000 only after an OTP verification during 8 pm to 8 am from 1st January 2020. The OTP-based withdrawal is applicable only to withdrawals from SBI ATMs. OTP will be received on the customer's mobile number registered with the bank," SBI said. SBI said new home buyers will get loans at an interest rate starting from 7.90% per annum, as compared to 8.15% earlier.

Source: Mint January 01, 2020 01:41 UTC