MITR meaning in Interbank Network ?

1.	MITR meaning in Interbank Network ?
Answer» What is MITR ATM Sharing Network mean? MITR is a multilateral interbank network sharing arrangement of 6 member Banks in India for automated teller machines (ATMs). It came into existence on 8 October 2003 with five member banks. The MITR network has six member banks: Punjab National Bank (PNB)Oriental Bank of Commerce (OBC)Indian BankKarur Vysya BankIndusInd BankUCO Bank PNB acts as Settlement Bank for MITR Network. ATM transaction switching technology has been provided by Chennai-based Financial Software Solutions (P) Ltd. reference nan

Answer» What is MITR ATM Sharing Network mean?

MITR is a multilateral interbank network sharing arrangement of 6 member Banks in India for automated teller machines (ATMs). It came into existence on 8 October 2003 with five member banks.

The MITR network has six member banks:

Punjab National Bank (PNB)Oriental Bank of Commerce (OBC)Indian BankKarur Vysya BankIndusInd BankUCO Bank

PNB acts as Settlement Bank for MITR Network. ATM transaction switching technology has been provided by Chennai-based Financial Software Solutions (P) Ltd.

reference nan

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