Bank of India asks account holders to stop using debit cards for cash withdrawal – India TV
5 years, 3 months ago

Bank of India asks account holders to stop using debit cards for cash withdrawal – India TV

India TV News  

Amid a massive rise in the fraud cases happening through bank ATM cards or debit cards like cloning and skimming, India's one of the largest public sector bank Bank of India has issued an advisory for its customer. The bank in its statement has warned its customer of banking fraud and has asked them to stop using a debit card or ATMcard for cash withdrawal. Bank of India has launched QR based cash withdrawal system that does not require ATM cards to withdraw cash anymore. Govt moves to relax rules for pay upgrade With this, the bank has reduced curbing ATM cloning, skimming and ATM-related frauds and has promoted card-less cash withdrawals. This also provides the next level of security for ATM transactions as there is no requirement of the card and the PIN.” How Does QR Based Cash Withdrawal System Work?

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History of this topic

How to withdraw cash from an ATM without using a physical card?
6 months, 1 week ago

How to withdraw cash from an ATM without using a physical card?

Live Mint  

Banking has undergone a profound change recently due to the advent of the internet and smartphones, completely transforming how we handle our financial affairs. However, to conduct cardless ATM withdrawals, you must use your bank’s mobile app to initiate the withdrawal process. ATM withdrawals using Unified Payments Interface method utilizes the UPI, a widely used digital payment system in India. …

How to withdraw cash from an ATM without using your debit or credit card?
6 months, 1 week ago

How to withdraw cash from an ATM without using your debit or credit card?

India TV News  

Banking services have evolved, and with the acceptance of the internet and smartphone technology, banking has also adapted to the smarter mode. Recently, it was discovered that the banks have adopted smart advancements, which as the ability to withdraw cash from ATMs without using an ATM card. Here are the steps to withdraw money from an ATM by using the …

India's first UPI-ATM unveiled for hassle-free, cardless cash withdrawals. Here's how it works
1 year, 4 months ago

India's first UPI-ATM unveiled for hassle-free, cardless cash withdrawals. Here's how it works

Hindustan Times  

India's first UPI-ATM was launched on Tuesday as a White Label ATM by Hitachi Payment Services in collaboration with the National Payments Corporation of India in order to enable “seamless cash withdrawals”, eliminating the need to carry physical ATM cards. The UPI-ATM service, also known as Interoperable Cardless Cash Withdrawal, offers a convenient way for customers of participating banks who …

India’s first UPI ATM: How will it be different from cardless cash withdrawals
1 year, 4 months ago

India’s first UPI ATM: How will it be different from cardless cash withdrawals

Live Mint  

India's first UPI ATM: The Unified Payments Interface has been the fastest-growing payment mode in the country and accounts for more than 50% of digital transaction volumes. After revolutionising India's digital payment system, now country's first UPI ATM was launched on Tuesday. Hitachi Payment Services has introduced 'the country's first-ever UPI-ATM as a White Label ATM in association with National …

SBI ATM Withdrawal Rule: Want to Withdraw More Than Rs 10,000? You Need to Enter OTP
2 years, 5 months ago

SBI ATM Withdrawal Rule: Want to Withdraw More Than Rs 10,000? You Need to Enter OTP

News 18  

SBI ATM Cash Withdrawal Rules: The State Bank of India, or SBI, which has the highest number of customers in the country, has always been alert about preventing ATM scams. The lender has in effect a one-time password based cash withdrawal system whereby customers who wish to withdraw money from an SBI ATM will have to enter an OTP. How …

Provide option of cardless cash withdrawal at ATMs: RBI to banks
2 years, 7 months ago

Provide option of cardless cash withdrawal at ATMs: RBI to banks

India TV News  

The Reserve Bank on Thursday asked banks to provide the option of Interoperable Card-less Cash Withdrawal at their ATMs, a move aimed at curbing frauds like skimming, card cloning and device tampering. "All banks, ATM networks and WLAOs may provide the option of ICCW at their ATMs," the central bank said in a circular. In April, the RBI had said …

Cardless cash withdrawal via UPI at all banks' ATMs soon | How will this benefit you
2 years, 9 months ago

Cardless cash withdrawal via UPI at all banks' ATMs soon | How will this benefit you

India Today  

The Reserve Bank of India on Friday decided to permit all banks to introduce card-less cash withdrawal through ATMs. "It is now proposed to make card-less cash withdrawal facility available across all banks and ATM networks using the UPI. The RBI said that the absence of a need for a card to initiate cash withdrawal transactions would help in containing …

Card-less cash withdrawal facility across all banks' ATM network soon: RBI
2 years, 9 months ago

Card-less cash withdrawal facility across all banks' ATM network soon: RBI

India TV News  

Highlights The facility is proposed to be made available through the Unified Payments Interface Settlement of such transactions would happen through the ATM networks In a bid to check fraud, the Reserve Bank on Friday decided to permit all banks to introduce card-less cash withdrawal through ATMs. "It is now proposed to make card-less cash withdrawal facility available across all …

SBI ATM Withdrawal New Rule: How to Withdraw Cash Using OTP to Avoid Frauds
3 years, 2 months ago

SBI ATM Withdrawal New Rule: How to Withdraw Cash Using OTP to Avoid Frauds

News 18  

At a time when ATM frauds have become common across the whole country, the State Bank Of India has come up with a unique solution to protect its ATM card users from falling into the trap. The new move taken by SBI to inch towards better safety is the introduction of an OTP based cash withdrawal system from the ATMs. …

SBI ATM Cash Withdrawal Rules, Charges to Change from Next Month. Details Here
3 years, 6 months ago

SBI ATM Cash Withdrawal Rules, Charges to Change from Next Month. Details Here

News 18  

Starting from next month, State Bank of India is all set to change the rules and charges for cash withdrawals from its ATMs and bank branches. Know new rules 1) The changes will be applicable for SBI Basic Savings Bank Deposit account holders. Touted as zero balance savings account, SBI Basic Savings Bank Deposit account is meant for poorer sections …

SBI Rule Change: Cash Withdrawal from ATM to Cheque Books, Check New Charges
3 years, 7 months ago

SBI Rule Change: Cash Withdrawal from ATM to Cheque Books, Check New Charges

News 18  

India?s largest public sector bank, the State Bank of India has introduced new rules for cash withdrawal at its branches and ATMs. As per the official notification issued by the bank, the new rules will be applicable for Basic Savings Bank Deposits account holders of SBI, and will come into effect from July 1, 2021. For every additional cash withdrawal, …

Debit Card, Credit Card Rule: Can't Use New Card for Online Transactions? Know How to Activate it
3 years, 7 months ago

Debit Card, Credit Card Rule: Can't Use New Card for Online Transactions? Know How to Activate it

News 18  

Amid rising cases of banking frauds in the country, the Reserve Bank of India has introduced several measures for secure debit and credit card transactions. For online transactions: To enable any other facilities including online transactions, international transactions and contactless transactions in the debit and credit cards, customers need to approach the bank. How to activate online transactions in your …

Fraudsters find new ways to withdraw money from ATMs
3 years, 8 months ago

Fraudsters find new ways to withdraw money from ATMs

India TV News  

In view of increasing incidents of Man in the Middle attacks on ATMs, all banks have been asked to enhance their safety norms for ATMs through end-to-end encryption in the network, officials said. Investigations by security agencies have found that cyber fraud gangs have started adopting a new modus operandi to withdraw money from ATMs, a security official aware of …

Withdraw cash from ATM without using Debit card, Know how
3 years, 9 months ago

Withdraw cash from ATM without using Debit card, Know how

India TV News  

Now you can withdraw money from ATM without using a debit card. National Cash Register Corporation, a firm that makes ATMs, has come up with a concept where people can withdraw money without using card. Under this system, anyone can withdraw cash from the ATM by just scanning the QR Code through the UPI App. The firm has partners with …

SBI Extends OTP-Based ATM Withdrawal Throughout the Day
4 years, 3 months ago

SBI Extends OTP-Based ATM Withdrawal Throughout the Day

The Quint  

To reinforce ATM security system, lending major State Bank of India on Tuesday, 15 September, has extended its OTP-based cash withdrawal for Rs 10,000 and above throughout the day. OTP-based cash withdrawal for Rs 10,000 can now be carried out throughout the day across all SBI ATMs in the country starting 18 September. "For withdrawing Rs 10,000 and above, SBI …

SBI to change ATM cash withdrawal rules from September 18. Know details
4 years, 3 months ago

SBI to change ATM cash withdrawal rules from September 18. Know details

Live Mint  

India's biggest bank SBI is extending OTP-based cash withdrawal for ₹ 10,000 and above throughout the day across all SBI ATMs in the country. For safeguarding customers, SBI had introduced OTP based cash withdrawals of above ₹10,000 between 8 PM – 8 AM through SBI ATMs from January 1, 2020. "With the introduction of 24x7 OTP-based cash withdrawal facility, SBI …

SBI ATM-cum-debit card gets new safety feature
4 years, 4 months ago

SBI ATM-cum-debit card gets new safety feature

Live Mint  

State Bank of India customers can now block transactions on their ATM-cum-debit card via SMS. SBI's new facility for debit card users will help curb the ATM frauds which have been on the rise. Other ways to block ATM-cum-debit cards are through customer care call, net banking and SBI Quick app. SBI recommends that customers should conduct ATM transactions in …

Insufficient balance: How much SBI will charge for failed ATM transaction
4 years, 4 months ago

Insufficient balance: How much SBI will charge for failed ATM transaction

Live Mint  

State Bank of India has revised its ATM withdrawal rules with effect from 1 July. As per the information available on the official website of the State Bank of India sbi.co.in, in metro cities, SBI allows 8 free transactions to its regular savings account holders to transact in a month. The bank allows its customers maintaining an average balance of …

SBI ATM cash withdrawal over ₹10,000 with OTP. How to do it?
4 years, 6 months ago

SBI ATM cash withdrawal over ₹10,000 with OTP. How to do it?

Live Mint  

The State Bank of India offers a safe way to withdraw cash over ₹10,000 across all SBI ATMs. "An all new OTP based cash withdrawal system has been in effect since 1st Jan 2020 at all our ATMs. 5) This additional factor of authentication will protect SBI card holders from unauthorized ATM cash withdrawals. 6) SBI's OTP-based cash withdrawal system …

Are you SBI cardholder? Bank says follow these 10 safety tips to prevent ATM fraud
4 years, 7 months ago

Are you SBI cardholder? Bank says follow these 10 safety tips to prevent ATM fraud

India TV News  

State Bank of India, India's largest lender and several other banks have warned their account holders about of fraud cases like online banking fraud, cloning, phishing, UPI fraud and others along with banking tips. As a caution and safety measure for customers, SBI has also advised the account holders to change the ATM PIN at regular intervals, cover ATM/POS keypad …

SBI shares 10 ATM safety mantra to prevent debit card fraud
4 years, 7 months ago

SBI shares 10 ATM safety mantra to prevent debit card fraud

Live Mint  

Various banks, including country's top lender State Bank of India have been advising their customers on ways to bank safely. SBI recommends that customers should conduct ATM transactions in complete privacy in order to avoid any ATM-cum-debit card fraud. Avoid writing it on your ATM card or anywhere else 4) Avoid using birthdays and anniversary dates as you PIN 5) …

Cash withdrawal facility via debit cards at Point of Sale terminals: 10 rules explained
4 years, 8 months ago

Cash withdrawal facility via debit cards at Point of Sale terminals: 10 rules explained

Live Mint  

The Reserve Bank of India today restated the information on cash withdrawals from point of sale terminals. In the form of frequently asked questions, the central bank explained the cash withdrawal facility at PoS terminals in ten points. Here is all you need to know about the cash withdrawal facility at Point of Sale terminals: 1) Cash can also be …

RBI releases FAQs on cash withdrawals at PoS terminals
4 years, 8 months ago

RBI releases FAQs on cash withdrawals at PoS terminals

Live Mint  

MUMBAI: The Reserve Bank of India on Tuesday reiterated the existing information on cash withdrawals from point of sale terminals in form of frequently asked questions. RBI said under this facility, cardholders can withdraw cash using their debit cards and open system prepaid cards issued by banks in India. Moreover, RBI said cash can also be withdrawn at PoS terminals …

Get cash at home: In Kerala, this new facility from April 8
4 years, 9 months ago

Get cash at home: In Kerala, this new facility from April 8

Live Mint  

Thiruvananthapuram: People in need of cash during the lockdown due to COVID-19 need no longer go to banks or ATMs in Kerala as the state government has tied up with the postal department to deliver cash at their doorsteps. State Finance Minister Dr TM Thomas Issac on Monday launched the scheme by which the postman of a particular area would …

ATM cash withdrawal: SBI shares 7 safety tips to guard against coronavirus
4 years, 9 months ago

ATM cash withdrawal: SBI shares 7 safety tips to guard against coronavirus

Live Mint  

In the time of novel coronavirus, you must take every precaution to save yourself and your family from the deadly virus. Country's largest lender State Bank of India has shared certain tips for all bank customers using ATM for withdrawing cash. Precautions you must take while using an ATM as mentioned by SBI are as under: 1) Avoid using the …

Debit card holders can withdraw from any ATM free of charges for next 3 months
4 years, 9 months ago

Debit card holders can withdraw from any ATM free of charges for next 3 months

Live Mint  

Finance Minister Nirmala Sitharaman today said that debit card holders who withdraw cash from any bank's ATM can do it free of charge for the next three months to promote digital financial transactions at the time of coronavirus pandemic. ".so you may have a debit card from a bank, a particular bank, but you will now be allowed, without additional …

RBI's new rules for debit and credit cards; move aimed at improving convenience, security of transactions
4 years, 9 months ago

RBI's new rules for debit and credit cards; move aimed at improving convenience, security of transactions

Firstpost  

RBI has directed banks to allow only domestic card transactions at ATMs and PoS terminals in India at the time of issuance/reissuance of the card. For international transactions, online transactions, card-not-present transactions and contactless transactions, customers will have to separately set up services on their card, the RBI said. In January, the RBI had issued new rules to improve user …

Yes Bank customers scramble for cash withdrawal at branches, most ATMs run dry
4 years, 10 months ago

Yes Bank customers scramble for cash withdrawal at branches, most ATMs run dry

Hindustan Times  

Panicked Yes Bank customers were seen queuing up at the bank’s ATMs at various locations, but to no avail as most cash-dispensing machines ran dry, after the Reserve Bank placed the crisis-hit lender under a moratorium. Panicked Yes Bank customers were seen queuing up at the bank’s ATMs at various locations However, many a customers said they were able to …

SBI ATM cash withdrawal: New rules from today. Details explained here
5 years ago

SBI ATM cash withdrawal: New rules from today. Details explained here

Live Mint  

Keeping in view the incidents of ATM-related frauds on the rise, State Bank of India has introduced a one-time password -based cash withdrawal system for its ATMs. SBI's OTP-based ATM cash withdrawal facility has come into system with effect from today, 1st January 2020. How will SBI customer withdraw cash through OTP In this process, once the cardholder enters the …

For SBI account holders, 3 things that change from today
5 years ago

For SBI account holders, 3 things that change from today

Live Mint  

From today, 1st January 2020, few rules are changing for State Bank of India. In an attempt to improve customer experience, SBI is making some changes in its services like OTP-based ATM transactions, upgradation to EMV chip debit card, and reduction in its external benchmark based rate resulting in cheaper home loans. Let's take a look at what will change …

Important news for SBI cardholders! Bank introduces OTP-based cash withdrawal system. Get details here
5 years ago

Important news for SBI cardholders! Bank introduces OTP-based cash withdrawal system. Get details here

India TV News  

In recent times, many cases of unauthorized transactions on account of skimmed/cloned cards were registered that led to fraud. To minimise the number of unauthorized transactions happening on ATMs, the State Bank of India has decided to introduce the OTP-based cash withdrawal system. The bank on its official Twitter handle posted a tweet, "Introducing the OTP-based cash withdrawal system to …

Bank ATM cash withdrawal: RBI announces new guidelines on ATM transactions. Check out
5 years, 1 month ago

Bank ATM cash withdrawal: RBI announces new guidelines on ATM transactions. Check out

India TV News  

Bank ATM Transaction: In a move to put a curb on the increase in fraud in ATM cash withdrawals and ensure its safety, the Reserve Bank of India on Thursday announced new guidelines on ATM transactions. In its bi-monthly “Statement on Developmental and Regulatory Policies”, the central bank noted that several banks and other regulated entities depend on third-party application …

SBI ATM cash withdrawal limit for debit cards: Features, transaction limit and other details
5 years, 1 month ago

SBI ATM cash withdrawal limit for debit cards: Features, transaction limit and other details

Live Mint  

State Bank of India offers seven types of ATM-cum-debit cards to its customers. ATM withdrawal limit: ₹20,000 Here are some of the charges applicable to the SBI Classic Debit card: Issuance charges -Nil Annual Maintenance Charges - ₹125/- plus GST Card replacement charges - ₹300/- plus GST 2) SBI Global International Debit Card With SBI Global International Debit Card you …

Attention ATM users! SBI, Bank of Baroda restrict cash withdrawals from micro-ATMs of other banks
5 years, 3 months ago

Attention ATM users! SBI, Bank of Baroda restrict cash withdrawals from micro-ATMs of other banks

India TV News  

Bank ATM users alert: Bank of Baroda and State Bank of India have put cash withdrawal limitations for customers at micro-ATM terminals of other banks, in a move that would majorly impact banking services in rural areas. According to Economic Times reports, under new rules, BoB has limited its withdrawals for customers from micro-ATM terminals of other banks to four …

Are you a Canara Bank customer? Here's why you should keep your phone handy
5 years, 4 months ago

Are you a Canara Bank customer? Here's why you should keep your phone handy

India TV News  

If you are Canara Bank customer, do not forget to keep your phone handy while doing an ATM cash withdrawal as the public sector lender has launched India’s first OTP facility for ATM withdrawals above Rs. In a tweet dated August 20, the bank had announced, "We introduce India's First OTP facility for ATM withdrawals. The Bank said, “Now your …

ATM users beware: Canara Bank issues advisory after attempted fraud
5 years, 4 months ago

ATM users beware: Canara Bank issues advisory after attempted fraud

Live Mint  

Over the last few days, a video of a cautious user who spotted a device to read debit card data at a Canara Bank ATM in New Delhi is being circulated widely. In order to safeguard their customers against risk while using debit cards for cash withdrawals at ATMs, Canara Bank has also launched India's first OTP facility for ATM …

ATM cash withdrawals above ₹10,000 needs OTP: Canara Bank launches new facility
5 years, 4 months ago

ATM cash withdrawals above ₹10,000 needs OTP: Canara Bank launches new facility

Live Mint  

Public sector lender Canara Bank says it has launched India’s first OTP facility for ATM withdrawals. Canara Bank said that the OTP facility will get activated on ATM cash withdrawals of ₹10,000 in a day. In an August 20 tweet, Canara Bank said, “Now your ATM cash withdrawals in Canara Bank ATMs get safer and more secured with OTP facility …

BIG news for SBI account holders. Bank to do away with Debit Cards to promote digital payments
5 years, 4 months ago

BIG news for SBI account holders. Bank to do away with Debit Cards to promote digital payments

India TV News  

The State Bank of India is looking to end the usage of debit cards from the banking system. What SBI says on debit cards: ".it is our wish to eliminate the debit cards, and am sure we can eliminate them," chairman Rajnish Kumar said, speaking at the annual Fibac Monday. He said there are around 90 crore debit cards in …

Good news for debit card, credit card bank ATM users! RBI says don't pay, if this happens
5 years, 4 months ago

Good news for debit card, credit card bank ATM users! RBI says don't pay, if this happens

India TV News  

Debit card, credit card user' alert: If you are a Debit card or Credit card user and go to bank ATMs for cash withdrawal then there is good news for you from Reserve Bank of India. According to reports, RBI has clarified that due to any technical reason----be it hardware or software or wrong PIN entry or communication issue or …

SBI ATM withdrawal rules: Free transactions, charges and other details
5 years, 6 months ago

SBI ATM withdrawal rules: Free transactions, charges and other details

Live Mint  

The charges you pay for using Automated Teller Machines may change soon. Currently, the State Bank of India offers eight free transactions to regular savings bank account holders, including five transactions at SBI ATMs and three at other bank ATMs. In non-metros, such account holders get 10 free transactions, including five at SBI ATMs and five at others. The bank …

SBI launches cardless ATM withdrawal with YONO Cash
5 years, 9 months ago

SBI launches cardless ATM withdrawal with YONO Cash

Live Mint  

India’s largest bank State Bank of India today announced the launch of YONO Cash using which customers can withdraw money from ATMs without using a card. SBI chairman Rajnish Kumar said the new initiative will address concerns over using debit cards at ATMs for cash withdrawals by eliminating the possible associated risks. “This feature on YONO is designed to help …

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