Customers of country's largest public lender State Bank of India (SBI) will now be able to withdraw cash using a one time password (OTP) to unauthorised transactions at ATMs. "Introducing the OTP-based cash withdrawal system to help protect you from unauthorized transactions at ATMs. To know more: https://t.co/nIyw5dsYZq#SBI #ATM #Transactions #SafeWithdrawals #Cash pic.twitter.com/YHoDrl0DTe — State Bank of India (@TheOfficialSBI) December 26, 2019Here is how the OTP-based cash withdrawal system will work. This will safeguard the customers against the risk of unauthorized transactions on account of skimmed/cloned cards while withdrawing cash at State Bank ATMs. The statement further adds that the facility will not require any major change in the present process to withdraw cash from State Bank ATMs.

Source: dna December 30, 2019 06:22 UTC