NEWS & ADVICE : HOME LOANS
A group bank to allow inter bank fund transfer through ATM
By Joseph Samson
Dec 8, 2014
Print    Email    RSS   

A group of banks including Yes Bank, Union bank of India, Canara Bank, Andhra Bank and Saraswat co-op bank have decided to provide the inter bank fund transferring through the ATM cards. The customers of these banks will get the facility to transfer the amount from their own bank to any of these banks easily by visiting the ATMs.

The fund transfer will become quite easy through this facility. In order to transfer the money the person will simply need to visit the ATM punch his ATM card and enter the debit card number of the person to whom he wants to transfer the amount. As soon as the person will confirm ok, his account will get debited and the other person’s account linked to the card will get credited. Prior to this SBI was also in plan to launch such an initiative but it was restricted only if the receiver and sender both are having the SBI account. Bankers believe more people are likely to adopt this medium for fund transfers.


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
If the interest rate is same, how do you...
Identify the cheapest home loan offer
Home loan rates likely to remain stable
Know About Different Types of Home Loans...
Joint Home Loan: A wise decision for a...


I want my Housing loan provisional certificate....
PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive