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


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