NEWS & ADVICE : CREDIT CARDS
Federal Bank links ATMs to NFS
By Ankit Sharma
Sep 10, 2010
Print    Email    RSS   

Private sector lender, Federal Bank has linked its ATM network to National Financial Switch (NFS). NFS is managed by National Payments Corporation of India (NPCI).

NFS is currently the largest network of shared ATMs in India. It connects around 61,200 ATMs across 44 banks all over the country.

With this tie up, the customers of Federal Bank would be able to access all these 61,200 ATMs pan India and also all card holders of the 44 participant banks can access the 759 ATMs of Federal Bank.

The total network is thus expected to manage a daily transaction volume of 3 million on an average.

Also, being a member of this network, the bank would be able to make effective and enhanced utilization of its ATM network and provide better customer services all over India.

The bank already has connections to the networks of Visa and MasterCard, which facilitates its debit card holders with access to more than 1.5 million ATMs all over the world.


 


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Credit card finance charges in India: A...
The ABN AMRO One Card
Carnival of Indian Personal Finance Blogs #4
Handle your credit card with Care
Lost Your Credit Card? Here’s What You...


Good Morning, i forgot my FCMB Account Number and...
Radhey@09646870399 @Escoℛts In#Chandigarh...
Radhey@09646870399 @Escoℛt In#Chandigarh...

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