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SBI stock tips and tips on share market updated on 27th July 2016, Wednesday.

 

STATE BANK OF INDIA (SBI)


The country’s largest lender, State Bank of India (SBI), will allow customers to withdraw funds from its ATM without a debit card and transfer up to Rs 10,000 using a mobile phone.

By launching the instant money transfer (IMT) payment system on its ATMs, the state-owned lender has enabled customers a payment up to Rs 10,000 to be made from any SBI bank account to a person using just his/her mobile number as the identifier. “The recipient of this payment can withdraw funds instantly from an IMT-enabled ATM of SBI without using a debit card,” the bank said.

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