BANKING GENERAL KNOWLEDGE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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5 minutes
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10 minutes
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15 minutes
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20 minutes
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Detailed explanation-1: -Customers can initiate the two-step cash withdrawal process through their SBI YONO app and generate a six-digit OTP. The generated pin has a half an hour validity during which the customer can go to any of SBI’s ATM, authenticate the transaction using their pre-set YONO pin and then enter their six-digit OTP.
Detailed explanation-2: -Cash on Mobile (Cardless cash withdrawal)
Detailed explanation-3: -Once at the ATM, choose the cash-on-mobile option on the screen, enter your mobile number with the amount and the temporary PIN. Once all credentials match, the ATM will dispense cash.
Detailed explanation-4: -The one-time password (OTP) based cash withdrawal option is available 24/7 at all SBI ATMs for withdrawals above Rs 10, 000. State Bank ATMs have increased the level of security for cash withdrawals by introducing their OTP-based Cash Withdrawal Facility.