State Bank of India : In this era of digital, online frauds have also grown rapidly. Some people ask for OTP or other personal information through fake calls and people become victims of fraud. SBI has taken another drastic step to curb the fast growing online fraud. State Bank of India, the country’s largest bank, has made online transactions more secure.
The bank has brought one-time password (Time Password – OTP) to customers to secure every transaction. The bank has added another layer based on OTP to make high security of your account. SBI has said that SBI has launched One Time Password based Log In. SBI says OTP based password will add another layer to your security.
SBI makes online banking safer you with our OTP based login for added security. Now bank carefree from the comfort of your home.
— State Bank of India (@TheOfficialSBI) April 23, 2021
SBI has said that if you want an alert for every transaction on your mobile phone, then you have to set a high security password (OTP) in your SBI account. You can do this very easily.
Learn how to set high security password
First of all, you have to go to the SBI website and log in with the user name and password.
– After this you have to click on My accounts & profile.
– After this, click on the link High-Security Password. Here you have to enter your password, then the next page will open.
– On the next page you will see some security options.
– If you click Yes on intra or inter bank payment, credit card or IMPS or international fund transfer, OTP will come on every transaction. If you select No, then you will not get OTP for transactions up to Rs 10,000 per day.
– Transactions done through merchants. On them you have to select how you want OTP. You want via SMS, via email or via a mobile app.
High security passwords using OTP mode will keep an eye on your every transaction. To withdraw SBI OTP based cash, customers can withdraw cash from the ATM for Rs 10,000 or more only if they have the OTP on the registered mobile along with the ATM PIN. This rule is in force from 1 January 2020.
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