How To Withdraw Cash Using OTP From SBI ATM! Click here to know

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State Bank of India (SBI) customers can avail one-time password (OTP) based cash withdrawal facility of the bank. To protect its customers from unauthorized transactions at ATMs, this facility is operational from January 1, 2020. OTP is a four digit number that authenticates the user for a single transaction.

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The OTP-based ATM cash withdrawal facility allows its customers to withdraw Rs 10,000 and above from their ATMs every time by entering the OTP sent to their registered mobile number along with their debit card PIN.

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Know how to withdraw cash from SBI ATM using only OTP

An OTP will be sent to your registered mobile number.

Enter the amount you want to withdraw.

Enter the OTP received on your registered mobile number after the ATM screen displays the OTP screen.

Receive cash from ATM machine.

Meanwhile, Reserve Bank of India (RBI) Governor Shaktikanta Das has proposed cardless transactions for all ATMs using the UPI network to reduce financial frauds.

Notably, card-less withdrawals through ATM facilities are currently limited to only a few banks.