SBI Launches Debit Card-Less Instant Money Transfer Facility

Mumbai: State Bank on Tuesday launched a payment system at its ATMs which will allow the account holders transfer money using mobile phone number as identifier. The system works on instant money transfer (IMT) platform. The facility will enable a payment of up to Rs 10,000 from any SBI bank account and the recipient of this payment can withdraw funds instantly from an IMT-enabled ATM without using a debit card, the top lender said i...