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 for SBI customers from New Year 2020 1) SBI introduces OTP-based ATM transactions SBI customers will be able to make ATM withdrawal above ₹10,000 only after an OTP verification during 8 pm to 8 am from 1st January 2020. 2) New EMV chip-based cards SBI's magnetic stripes ATM-cum-debit cards will get invalid from today, 1st January 2020. “Apply now to change your Magnetic Stripe Debit Cards to the more secure EMV Chip and PIN-based SBI Debit card at your home branch by 31st December 2019.

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History of this topic

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 …

SBI Customers Alert! Using UPI, Debit Card, Mobile Banking? Follow These Steps to Avoid Frauds
2 years, 8 months ago

SBI Customers Alert! Using UPI, Debit Card, Mobile Banking? Follow These Steps to Avoid Frauds

News 18  

SBI Digital Transaction: The State Bank of India, or SBI, on Monday shared a list of guidelines with its users while doing digital transactions. – Try using unique and complex passwords – Remember to change passwords frequently – Never disclose, store or write down your user ID, passwords or PIN – Remember, Bank never asks for your user ID/passwords/Card No/PIN/Passwords/CVV/OTP …

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 Charges: SBI Changes Rules For Cash Withdrawals From July 1
3 years, 6 months ago

SBI ATM Cash Withdrawal Charges: SBI Changes Rules For Cash Withdrawals From July 1

ABP News  

State Bank of India is going to bring changes in the service charge from July 1. That is, from Thursday, SBI will revise the service charges for withdrawing cash from its ATMs and bank branches. According to the SBI website, BSBD account holders will be able to make four free cash withdrawals per month from ATMs and bank branches. Senior …

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 Alert: State Bank of India to revise rules for ATM cash withdrawal, chequebook charges from THIS date
3 years, 7 months ago

SBI Alert: State Bank of India to revise rules for ATM cash withdrawal, chequebook charges from THIS date

India TV News  

SBI Customer Alert: India's largest lender, State Bank of India is all set to revise the service charges for SBI Basic Savings Bank Deposit account holders. Cash withdrawal at SBI ATMs: The service charges will be recovered beyond four free cash withdrawals, including withdrawal at the ATM and Branch. The new service charge beyond four free withdrawals will be Rs …

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, …

SBI ATM cash withdrawal, chequebook charges changed for these account holders. Details here
3 years, 7 months ago

SBI ATM cash withdrawal, chequebook charges changed for these account holders. Details here

Live Mint  

The country's top lender State Bank of India has revised service charges for Basic Savings Bank Deposit account holders. Cash Withdrawal At SBI branches The bank will recover charges beyond four free cash withdrawal transactions. Chequebook charges SBI would provide 10 cheque leaves free in a financial year to BSBD account holders. Non-financial transactions There would not be any charges …

SBI makes online banking safe with OTP-based login for every transaction. Here is how
3 years, 8 months ago

SBI makes online banking safe with OTP-based login for every transaction. Here is how

Live Mint  

State Bank of India, has come up with One Time Password to make customer's transactions safer. "SBI makes online banking safer with our OTP based login for added security. If you want an alert on your mobile phone for every transaction, you need to set a high-security password for your SBI account. A high-security password using the OTP method will …

State Bank Of India Issues Alert for Digital Transactions; Check Details Here
3 years, 8 months ago

State Bank Of India Issues Alert for Digital Transactions; Check Details Here

News 18  

Amid the rising cases of coronavirus and economic uncertainty, several are losing their jobs and facing a financial crisis. Acknowledging the threat State Bank of India has once again warned its 45 million customers against online fraud practices. This is one of the major reasons why the Reserve Bank of India along with several other banks keeps on issuing alerts …

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 …

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’s 10 ATM safety mantras: Follow these tips to prevent debit card fraud
4 years, 4 months ago

SBI’s 10 ATM safety mantras: Follow these tips to prevent debit card fraud

Live Mint  

State Bank of India has given some tips to its customers on ways to keep their money safe. SBI has recommended that customers should conduct ATM transactions in complete privacy in order to avoid any ATM-cum-debit card fraud. SBI has shared some tips on safe banking at ATMs: 1) Use your hand to cover the keypad while using an ATM …

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 …

SBI new ATM withdrawal rules: Transaction limits, charges and other details
4 years, 6 months ago

SBI new ATM withdrawal rules: Transaction limits, charges and other details

Live Mint  

State Bank of India has revised its ATM withdrawal rules with effect from 1 July. In view of the coronavirus pandemic, SBI had waived service charges for all ATM transactions made on SBI ATMs as well as other bank ATMs on account of exceeding free number of transactions. "In view of the announcement made by Finance Minister on 24th March, …

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) …

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 …

SBI Bank Alert! Your SBI Debit, Credit Card may get permanently blocked after March 16
4 years, 9 months ago

SBI Bank Alert! Your SBI Debit, Credit Card may get permanently blocked after March 16

India TV News  

SBI Debit, Credit card transaction alert: Do you hold an account with the State Bank of India? The State Bank of India, India's largest lender, may block your debit and credit card online facility by March 16, 2020, if you haven't done online transactions for at least once since its issuance. The State Bank has been notifying its customers through …

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 …

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 …

SBI Online Banking: Beware! SBI warns fraudsters stealing your money; says don't do this
5 years ago

SBI Online Banking: Beware! SBI warns fraudsters stealing your money; says don't do this

India TV News  

SBI online banking: The State Bank of India, India largest public sector bank, has warned SBI cardholders about online fraudsters. The bank has asked customers for not sharing confidential details related to their debit cards and credit cards like CVV, card number, OTP or any other card details. SBI informed its customers through a tweet saying SBI never asks any …

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 …

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 …

Attention SBI account holders! New bank service charges, penalties from today. Details inside
5 years, 3 months ago

Attention SBI account holders! New bank service charges, penalties from today. Details inside

India TV News  

SBI new service charges and penalties: India's largest lender, State Bank of India has revised its service charges and penalties with effect from today, i.e 1st October 2019. The bank has revised service charges including fee for non-maintenance of average monthly balance, ATM withdrawal from SBI branches and cash deposit transactions. Attention SBI account holders: New bank service charges, penalties …

Attention! SBI warns account holders against fraudsters, says 'don't do this'
5 years, 3 months ago

Attention! SBI warns account holders against fraudsters, says 'don't do this'

India TV News  

India's largest public sector bank, the State Bank of India has issued an advisory and warned its account holders about threats from fraudsters who devise new tricks to dupe thousands of customers daily. State Bank of India in its latest advisory has asked its customers to stay away from fake social media accounts. SBI's official social media handles are present …

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 …

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 …

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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