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News India Live, Digital Desk: Banking New Rules: Money withdrawn from your account…”, “Your card has been blocked, tell OTP…” – Such fraud calls and messages have become a part of everyone’s life today. Cases of online fraud and cyber fraud are increasing so fast that our years of hard-earned money can disappear in a minute. In view of this growing threat, the country’s two largest public sector banks, State Bank of India (SBI) and Bank of Baroda. (BOB) has taken some big and strict steps for the safety of its customers. From withdrawal of money to online transactions, these banks have made many changes in the rules so that it becomes almost impossible for fraudsters to break into your account. SBI’s ‘Suraksha Kavach’ with OTP has made the process of withdrawing money from ATMs safer than ever, especially for withdrawals of more than ₹ 10,000. What is the new rule?: Now if you are If you withdraw an amount of ₹ 10,000 or more, just entering the debit card and PIN will not work. After entering the PIN, the ATM machine will ask for a one time password (OTP), which will be sent immediately to the mobile number registered with your bank. How it will work?: You will have to enter that OTP on the ATM screen, and only then the cash will come out. What is the advantage?: The biggest advantage of this is that if someone steals or clones your ATM card and also gets your PIN. Even if he comes to know, he will not be able to withdraw the money, because OTP will come on your mobile. Positive Pay System of Bank of Baroda (BOB) Bank of Baroda has made ‘Positive Pay System’ mandatory to prevent check fraud. What is the new rule?: Now if you issue a check for an amount of ₹ 5 lakh or more, then after cutting the check, you will immediately get its information (like check number, date, The amount and name of the check will also have to be given to the bank. How to give this information?: You can give this information through the bank’s mobile app, internet banking or by visiting the branch. What is the benefit?: When this check comes to the bank for payment, the bank will match it with the information given by you. If the information does not match (like someone has changed the amount), then the bank will immediately reject that check and your money will be saved. These new rules may cause some inconvenience to you in the beginning, But these are very important steps to protect your money and following these rules can save you from falling into the trap of cyber frauds.