State Bank Of India Launches One Time Password (OTP)-Based ATM Transactions

State Bank of India (SBI), the country's largest lender, has announced the launch of OTP-based ATM withdrawal to minimize the number of unauthorized transactions taking place at ATMs. The OTP-based cash withdrawal system will be available across ATMs of State Bank with effect from January 1, 2020, between 8 pm and 8 am. This OTP-based cash withdrawal system will be applicable for transactions above Rs 10,000, SBI said in a press rele...