CURRENT SITUATION ON ATM MACHINES IN INDIA
pray to the Gods or off to the
mountains in a jiffy ?
GO TO PRIVATE SECTOR BANKS
HDFC Bank [www.hdfcbank.com] take Visa group cards [including Delta, etc.], MasterCard group cards [including Cirrus, etc.], Amex cards, possibly even JCB cards.
IDBI Bank [www.idbibank.com] take Visa group cards [including Delta, etc.], MasterCard group cards [including Cirrus, etc.], Amex cards.
UTI Bank [www.utibank.com] take Visa group cards and MasterCard group cards.
Global Trust Bank [www.globaltrustbank.com] take Visa group cards.
ICICI Bank [www.icicibank.com] take Visa group cards.
Centurion Bank [www.centurionbank.com] take MasterCard group cards.
Be aware that the independent or private sector banks are not as well spread through India as the nationalised banks so if you are going to use ATMs you will have to plan your route with this in mind. All these banks have websites where you can check on ATM location.
NATIONALIZED BANKS
Most are not yet connected but they do provide advances on MasterCard or Visa depending on who they have a tieup with. Check with http://www.mastercard.com/ or http://www.visa.com/ for your tie-up in India.
MASTERCARD - Bank of Baroda, Vijaya Bank, Canara Bank, Andhra Bank and others
CASH WITH CREDIT CARDS
Credit cards double as Atm cards with many banks - check your credit card company for the details of the networks - CIRRUS , LOGIC or others that work with yyour particular card
Most of the government banks and that includes the prominent ones like State Bank of India, Canara Bank, Bank of India, Punjab National Bank and Corporation Bank offer cash against a credit card.
For this you have to step into a branch. ATM withdrawals may not be the case. Usually one or two branches in the smaller cites of the corresponding bank offer this facility.
CHARGES
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CHARGES
: I
have a MasterCard Debit card which charges $7US per transaction !!! but also
has a card issued by her credit union which charges only $.50 per --
obvioulsly only desperation would force her to use the MasterCard. My bank,
CIBC (Canadian bank) charges $3CDN (around 2US) per. DAILY AMOUNT machine limits can vary from day to day -- the amounts available varied from 4,000 to 20,000 rupees in her experience. The machine dispenser is "allowed" to dispense forty times. If hundred rupee notes come out , then one gets 4,000 rupees. If 500 rupee notes are being used it gives Rs 20,000.
TRANSACTION FEE The transaction fee is obviously a very significant factor on a percentage
basis, particularly if only the lesser amount is available or required. |