Are You Withdrawing Cash From ATM Terminals Frequently? Hold On! You May Be Charged Higher Fee Above The Minimum Withdrawal Limit

To Reduce Rush in banks, Banks appoints ATM Terminals at all major locations. People also tend to use them frequently for their daily cash needs! But from January 2022 onwards, Usage of ATM Terminals becomes more costlier. Reserve Bank of India(RBI)has approved all the banks to hike service charges to 21 Rupees+GST. This charge isContinue reading “Are You Withdrawing Cash From ATM Terminals Frequently? Hold On! You May Be Charged Higher Fee Above The Minimum Withdrawal Limit”

SBI Customers Need To Enter OTP For Cash Withdrawals

To protect their customers from frauds and cards misuse, India’s largest bank SBI has made it mandatory to enter OTP for cashwithdrawals above 10,000 Rupees! For this, you have to carry your registered mobile number while doing ATM withdrawals above 10,000 Rupees. This is a safety measure to protect you from misrepresentation of card payments.Continue reading “SBI Customers Need To Enter OTP For Cash Withdrawals”