One time password (OTP) based transactions are among the best security features of SBI bank accounts. Without it, the transaction is not complete, whether it is fifty rupees or fifty thousand rupees.
With OTP management in SBI, users can manage OTP up to Rs 10,000 through the ‘OTP management’ option in the 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 the Yono app.
This feature has been introduced in the ‘OTP Management’ Option in the SBI Yono App. Customers will get facilities of up to ten thousand rupees during the transaction without entering OTP.
What is OTP Management in SBI
OTP management is an SBI Bank service where users will make the online (ATM) transaction up to Rs 10,000 without OTP. Obtaining and entering OTP for the minimum amount is a waste of time for the user.
Here, customers can set a daily cumulative limit of up to ten thousand rupees (10,000 / -) in a YONO application, where OTP will not be required for online transactions.
How to manage OTP in SBI
You can now set the ‘Cumulative Daily Limit‘ to less than ten thousand or ten thousand rupees by entering the amount or moving the slider provided in the YONO app, where you can complete the transaction without OTP.
Here you can save your precious time without adding OTP. This feature has been added to the 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 the 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 a 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 quick transactions and save your precious time.
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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