SBI Home Loans: Wow! Now, get your dream home - Here is how at this interest rate | All details you need to know

SBI: India's largest lender, State Bank of India (SBI) is here with New Year Bonanza. SBI on its official Twitter handle has posted that the bank is offering home loan at just 7.90% interest rate. SBI tweeted, "This #NewYear2020 get your dream home with a #SBI Home Loan at 7.90% interest. Not just one but six convenient ways to apply for your loan! For instant in-principle approval, apply through #YONO. Download YONO at: https://sbiyono.sbi"

This #NewYear2020 get your dream home with a #SBI Home Loan at 7.90% interest. Not just one but six convenient ways to apply for your loan! For instant in-principle approval, apply through #YONO. Download YONO at: https://t.co/27668MeuEW pic.twitter.com/ZittTfZcch

— State Bank of India (@TheOfficialSBI) January 1, 2020

Recently, to ensure safety of its customers regarding ATM withdrawals, State Bank of India (SBI) announced the launch of OTP Based ATM withdrawals above Rs. 10,000. Bank is introducing the OTP based cash withdrawal system across all SBI ATMs w.e.f. January 1, 2020 which would be functional between 8 P.M. to 8 A.M.

Customers at SBI ATMs, along with Debit Card PIN will also have to put OTP generated on their mobile numbers registered with the bank while withdrawing cash above Rs. 10,000. With this facility SBI has added another layer of safety and security in all its ATMs to minimize the number of unauthorized ATM transactions. This additional factor of authentication for ATM cash withdrawals will protect SBI debit card holders from the risk of skimming, card cloning, etc.

The One-time password (OTP) is a system-generated numeric string of characters that authenticates the user for a single transaction. However, this facility will not be applicable for cash withdrawals at non SBI ATMs because this functionality has not been developed in National Financial Switch (NFS).