NEWS & ADVICE : CREDIT CARDS
More services will be allowed at non-home ATMs
By Ankit Sharma
Jun 10, 2014
Print    Email    RSS   

Good news is lined up for the ATM users. National Payments Corporation of India, along with some private and public-sector banks has decided to extend the services allowed at the non- home ATMs. The customers are allowed only to withdraw cash, enquire about the balance and get a mini statement from the non home ATMs, but soon customers will allowed to deposit cash, or order a cheque book at the non home ATMs.

Banks are testing if this plan of offering the several services at the non home ATMs comes out to be feasible they will ask the RBI for the approval. Banks now offer services such as paying telephone bill, electricity bill, DTH recharge at the ATMs.

Banks are working to make the facilities of ordering cheque depositing cash, statement requests and card-to-card transfer inter-operable. Some banks have already started cash transfer between two accounts of different banks via debit card. Currently, banks have started this feature across Union bank, Andhra Bank and YES Bank. In order to make the ATMs more profitable and increase the number of transactions at the ATMs, banks have planned for this measure.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
A general guide to Auto Insurance
Credit profile and its effect on loan...
Utilise credit card reward points
Privileged banking: make the customer feel...
Importance of reviewing your credit report


Milankumarsingh s/ raj baby Singh lilawan badaun...
i forgot my ATM pin number i could i get it again
how to improve my CIBIL score???
!!7219139868!! @ℂaℓℓ ℊℐℝℓs in Kalewadi...

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive