SMS Transaction Signing Code for adding of new payee for Telegraphic Transfer
Starting 28 February 2016, adding of new payees for Telegraphic Transfers will require an SMS Transaction Signing Code which will be sent to your mobile phone number(s) registered with the bank. You will need this SMS code to be entered into your Security Token to generate a One-Time-Password(OTP). Without this OTP, transaction signing cannot be completed and you will not be able to add new payees for Telegraphic Transfers.
For more details check out our FAQ.