One time password (OTP) based transactions during online payment are one of the best security features of SBI and other bank accounts. Because without it, the transaction in India is not complete, whether it is fifty rupees or fifty thousand rupees. But, OTP management in SBI, users can manage OTP, up to Rs 10,000 through the ‘OTP management‘ option in SBI Yono app.
Now users will not need to enter OTP during transactions up to ten thousand rupees. Here users can set the cumulative daily limit through Yono app.
Now, this feature has been introduced in the ‘OTP management’ option in the SBI Yono App. Customers will be able to make online payment of up to ten thousand rupees without entering OTP’.
What is OTP Management in SBI
OTP management is a service of SBI Bank where users will be able to pay an amount of up to Rs 10,000 online without OTP. Obtaining and entering OTP for the minimum amount is a waste of time for the user.
So here customers can set daily cumulative limit up to ten thousand (Rs 10,000.00) in the Yono application, where OTP will not be required to be entered during online payment.
How to manage OTP in SBI
Now you can set the ‘cumulative daily limit’ here by entering the amount up to ten thousand or as per your choice with the slider given in the YONO app, where the transaction will be completed without OTP.
Here you can save your precious time by paying someone online without adding OTP. This feature has been added to Yono application and you can take advantage of this feature.
Follow these steps to complete OTP management. First of all, you have to install the Yono application from Google play store. Log in with your user ID and password or MPIN.
STEP 01: Click on the ‘Service Request’ option below on the home screen.
STEP 02: On the next screen, click on ‘Settings‘.
STEP 03: Here, you will find the option of OTP management at the bottom of the screen.
STEP 04: Click on the ‘OTP Management’ option, Now, this feature is enabled in the Yono app, as this feature was previously disabled, now follow the next step to set daily cumulative limit.
STEP 05: Enter the amount or move the slider to an amount that will not require an OTP and click on the ‘Confirm’ option. After selecting the ‘Confirm‘ option, an OTP will not be required for amounts below the daily cumulative limit.
Thus, through the OTP management option, you can set the cumulative daily limit below ten thousand, for which you will not need to enter OTP in online transactions.
Set Daily Cumulative limit in SBI
In this way, you can set a cumulative daily limit in the YONO app, which will not require any OTP during the transaction. Thus it will help in the quick transfer and save precious time.
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However, you will receive OTP if the sum of all your daily transactions exceeds the prescribed limit. If you do not want to set the cumulative limit, you can disable it anytime. This feature has just arrived in the Yono app, and you can take advantage of this feature.
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