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 withdrawals. The bank said that the OTP facility will get activated on ATM cash withdrawals of ₹10,000 in a day. Canara Bank said: “Now your ATM cash withdrawals in Canara Bank ATMs get safer and more secured with OTP facility on cash withdrawals above ₹10,000 in a day.

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History of this topic

ATM with ₹30 lakh cash uprooted and stolen amid fog in Agra
1 year ago

ATM with ₹30 lakh cash uprooted and stolen amid fog in Agra

Hindustan Times  

An automated teller machine of the State Bank of India at Kagarol town in Uttar Pradesh’s Agra district was uprooted and taken away by thieves at about 3am on Monday amid dense fog in the area, police said. The incident happened at about 3am on Monday amid dense fog at Kagarol town in Uttar Pradesh’s Agra district. “It was an …

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 …

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 …

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. …

Bank officials left confused after ATMs robbed with no sign of tampering in Chennai
3 years, 6 months ago

Bank officials left confused after ATMs robbed with no sign of tampering in Chennai

India Today  

The Greater Chennai Police received multiple complaints that ATMs of State Bank of India were robbed at Velachery, Tharamani, Valasaravakkam and Ramapuram in Chennai. However, the ATMs showed no signs of tampering and no robbery alerts were raised, leaving bank officials and the police confused. The complaints were made when bank officials, during a routine tally, discovered that the cash …

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 …

Surat: Police arrests 2 culprits of the illiterate Mewati gang for ATM loots
4 years ago

Surat: Police arrests 2 culprits of the illiterate Mewati gang for ATM loots

Op India  

Police have arrested two culprits named Haneef Saiyyad and Osaf Hassan Mohammad in a unique case of ATM robbery that has been giving sleepless nights to police for long. The culprits arrested by the police have been identified as Haneef Saiyyad and Osaf Hassan Mohammad. Targeted only Canara Bank ATMs According to the crime branch, the gang targeted only Canara …

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 …

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 …

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 …

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

The Hindu  

Panicked Yes Bank customers were seen queuing up at the bank’s ATMs at various locations, but to no avail as as most cash-dispensing machines ran dry, after the Reserve Bank placed the crisis-hit lender under a moratorium. “Internet banking is not working, even the credit card has stopped working; however, I withdrew my amount through cheque,” said Lalit Kumar, a …

Security tightened at Yes Bank branches, ATMs in Mumbai as depositors rush to withdraw money
4 years, 10 months ago

Security tightened at Yes Bank branches, ATMs in Mumbai as depositors rush to withdraw money

India TV News  

As Yes Bank depositors rush to ATMs on Friday to withdraw cash a day after it was put under a moratorium, security at its branches, ATMs, headquarters across Mumbai was tightened to avert any untoward incident. The RBI has capped a withdrawal limit of Rs 50,000 as Yes Bank's faces capital crunch. During the day, account-holders rushed to branches of …

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 …

Robbers flee with ATM carrying nearly Rs 3 lakh
5 years, 1 month ago

Robbers flee with ATM carrying nearly Rs 3 lakh

India TV News  

An automated teller machine of a public sector bank, containing Rs 2.83 lakh cash, was allegedly stolen by unidentified persons from Patansaongi village in the district, police said on Saturday. The incident took place in the wee hours of Friday at the ATM kiosk of Indian Overseas Bank, police said. "The gang members disconnected the ATM system from the bank's …

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 …

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 …

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 …

ALERT! Visit bank ATM for withdrawing cash? You need to watch this ATM fraud video to save your bank details
5 years, 4 months ago

ALERT! Visit bank ATM for withdrawing cash? You need to watch this ATM fraud video to save your bank details

India TV News  

Every day lakhs of people visit bank ATMs to withdraw cash but are unaware of fraudster's tricks to loot their hard-earned money. As several people have reported of ATM frauds in the past and about the card skimming technique to clone debit/credit cards to withdraw money from remote locations was used. This card skimming was planted in Canara Bank 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 …

RBI to review ATM charges: How will it affect your money withdrawal?
5 years, 6 months ago

RBI to review ATM charges: How will it affect your money withdrawal?

Live Mint  

Mumbai: Recently, the Reserve Bank of India set up a committee to review the automated teller machine interchange fee. The committee will review the existing structures and patterns of costs, charges and interchange fees for ATM transactions, the overall patterns of usage of ATMs by cardholders and assess the impact on charges and interchange fees, assess the entire gamut of …

RBI warns users against this app that can steal your money from bank account
5 years, 10 months ago

RBI warns users against this app that can steal your money from bank account

India Today  

If you have an app called Any Desk downloaded on your phone, chances are someone is spying on your bank account details and can anytime rob you off your money. The Reserve Bank of India is warning all the online banking users against this fraudulent app stating that the app could first steal all your banking details and then all …

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