Use your debit card for ATM – Applicable to certain banks only now

Banks like Yes Bank, Union Bank of India, Canara Bank, Andhra Bank have come together to allow inter-bank transfer of funds through their debit cards. So fund transfers among the above banks now made easy through ATM. For this, using the ATM of the above banks, after proper identification etc, then we have to punch the debit card number of the person to whom we want to transfer money. We have to type the 16 digit debit card number of that person and the amount to be transferred. After we green signal of ‘yes’ , then immediate credit is given to the other debit card holder to whom we want to transfer the money. Thus instant money transfer is effected. Now we can transfer from Rs.5000 per day and Rs.25000 per month can be transferred overall.