Question

What does 050 code (sbi atm code) stands for?

Answer 1

Answer:

Error code 050 unauthorized usage may indicate that the account that you are using or the card belonging account is compromised.

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Answer 2

The SBI ATM code 050 stands for Unauthorized usage.

Explanation:

• When the ATM or debit cards are used in the ATMs, codes are generated during the transaction.
• These codes are generated and printed.
• The codes describe the transaction status as either a successful or an error transaction.
• Each error code is different and each signifies different usage.
• Error code 050 denotes an unauthorized usage.
• When a debit card or an ATM card is used by an unauthorized person or a person who is not the holder of the card or when the pin entered is incorrect, it shows the error 050.