SBI’s new facility: Taking into consideration the rising incidents of ATM-related frauds, the State Bank of India (SBI) has launched a new feature for clients’ security. If you go to the ATM and need to examine your steadiness or mini assertion, SBI’s new facility will warn you by sending an SMS.
The SBI’s new facility will guarantee to curb the ATM frauds which have been on an increase amid the coronavirus pandemic. The financial institution has alerted its clients to be cautious and to not ignore SMS alerts concerning steadiness inquiry or mini-statement when the request is just not initiated by them.
“Now every time we receive a request for Balance Enquiry or Mini Statement via ATMs, we will alert our customers by sending an SMS so that they can immediately block their Debit Card if the transaction is not initiated by them,” the nation’s largest lender mentioned in a tweet.
SBI has asked its customers to be alert and immediately notify the bank in case balance, mini statement requests were not made by them. “It could be a scammer’s attempt to check your bank account for the money. Immediately notify and request your bank to freeze your card,” SBI said.
Earlier, SBI had introduced a cardless cash withdrawal facility to protect its customers from unauthorized transactions across all SBI ATMs. This new facility has been active since the start of 2020 and allows ATM cardholders to withdraw cash with the help of a one-time password (OTP). For cash withdrawal over ₹, 10,000 between 8 pm and 8 am, SBI customers will have to provide OTP along with the Debit card PIN. The OTP-based withdrawal is not available at non-SBI ATMs.
The bank has been giving tips to its customers on ways to keep their money safe. SBI recommended that customers should conduct ATM transactions in complete privacy in order to avoid any ATM-cum-debit card fraud. SBI has revised its ATM withdrawal charges effective 1 July.
Mean-while, India has recorded over 68,000 new cases in the past 24 hours, taking its total caseload to 3,766,108. India is swiftly narrowing the gap with Brazil’s case tally. With 1,025 fatalities being reported on Tuesday, the country’s death toll is now at 66,460. The five most affected states by a total tally of cases are Maharashtra (808,306), Andhra Pradesh (445,139), Tamil Nadu (433,969), Karnataka (351,481), and Uttar Pradesh (235,757). Delhi recorded 2,312 new COVID cases, its highest single-day jump in nearly two months. The national capital now has 177,000 cases. Chennai serosurvey, meanwhile, has found that 21.5 percent of the city’s population has already been exposed to the Covid-19 infection.
