OTP for withdrawals from SBI ATMsThe State Bank of India added another security feature for withdrawals from their ATMs. Presently if anybody wants to withdraw money from ATMs using debit cards has to feed PIN when the machine asks for. But now onwards once you introduce your card into an ATM to withdraw cash, you will receive a onetime Password (OTP) from the bank to your registered mobile number. Once you type it, the machine will ask you the PIN. After feeding this also only you will be allowed to withdraw cash from the machine. This rule is applicable for all cash withdrawals of Rs10,000/- or above. This feature is introduced only by SBI so far. Other banks may follow in due course.
So please remember to carry your mobile when you go to an ATM for cash withdrawals.