Question: Can We Use Any ATM Card In Any ATM Machine?

Can you use an ATM card at a different bank?

You generally can use your debit card to withdraw money at an ATM owned by another bank, or at an ATM owned by a third-party provider in a location such as a convenience store or restaurant.

Both your bank and the owner of the ATM could charge you a fee for the transaction by deducting it from your bank balance..

Is ATM card a debit card?

An ATM card is a PIN-based card, used to transact in ATMs only. While a Debit Card, on the other hand, is a much more multi-functional card. They are accepted for transacting at a lot of places like stores, restaurants, online in addition to ATM.

Which is better ATM or debit card?

Debit cards make all transactions fast, easy and convenient. What happens if the merchant establishment only accepts cash? With a debit card, you can easily withdraw cash from an ATM. Some banks provide an overdraft facility on the debit card.

How many times we can withdraw money from ATM in a day?

The limit will be applicable on both Classic and Maestro variants of SBI debit cards. Customers wanting to withdraw more can apply for a higher variant card. “Daily cash withdrawal limit for Classic and Maestro debit cards has been reduced from Rs 40,000 to Rs 20,000 per day with effect from October 31.

Does post office provide ATM card?

The Department of Posts offers several savings schemes with different interest rates. Along with its savings accounts, it offers ATM-cum-debit cards with a certain withdrawal limit. Post office savings account can be opened by paying a minimum of Rs 20, according to the India Post’s official website – indiapost.gov.in.

How do you deposit money through ATM?

Deposit in your own account using your debit card:Insert debit card and enter PIN for validation.Select account type (Saving or Current).Place the money in the cash deposit slot and click “Continue”.Machine will sort the cash and will show denomination-wise amount to be deposited.If correct, click “Deposit”.More items…

How long does it take for cash to deposit in an ATM?

At an ATM. Generally, cash deposits take 1-2 business days to clear, whereas cheque deposits may take between 5 and 7 working days. If your bank is working with Smart ATMs then cash deposits can be available instantly, whereas cheque deposits will clear in the same time as in-branch deposits.

How do I apply for a post office ATM card?

Your post office may accept your ATM card application form in advance. *****Note : With your ATM/e-banking/mobile banking application form, you are also required to submit your KYC (Know Your Customer) form.

Can I withdraw cash from a post office?

If you can get to a post office, you can just pop in and: Withdraw cash from your usual bank account using your card. Pay cash into your usual bank account using a card or paying-in slip.

Can I use SBI ATM card in other bank ATM?

Currently, the State Bank of India (SBI) offers eight free transactions to regular savings bank account holders, including five transactions at SBI ATMs and three at other bank ATMs. … This fee structure determines the charges you pay for using your ATM card at the ATMs of banks other than the issuing bank.

Can you use any ATM to deposit money?

No, you can’t deposit cash at just any ATM. Not all ATMs are set up to accept deposits. And many banks and credit unions simply won’t let you deposit cash into your account using an ATM they don’t own or have a partnership with.

How many times I can use other bank ATM?

Know about New ATM Transaction Charges Under the revised policy, a customer is allowed eight free ATM transactions in a month. Of these, five are at the ATM of the bank which has issued the card. Three free transactions are permitted when the debit card is used at the ATM of other banks.

How do I deposit money into another ATM?

Step 1: Insert your debit card into the machine and enter your PIN. Step 2: It will direct you to a new page, here on-screen click on the deposit option. Step 3: Choose the account you want to deposit to; if you have more than one account the check and choose where you want your deposit it.

Why ATM card is called debit card?

It is used for balance statement, deposits and online payment for any purchases. ATM card is a plastic card which has no logo of any particular ATM network provider. A debit card is also a plastic card having features like the name of the bank, a name of payment processing networks like visa card or a master card.

How much money can be withdrawn from other bank ATM?

Currently, customers can withdraw ₹10,000 in a single transaction and ₹20,000 in a day from a State Bank of India (SBI) ATM. For other banks, the single transaction and daily withdrawal limit is different from card to card. For ICICI Bank, the daily withdrawal limit could range from ₹50,000 to ₹1.5 lakh.

Can we use Post Office ATM card in ATM?

Yes you can use the post office ATM Card in all Banks ATM’s as like banks ATM card. And vice versa for other Banks ATM card can be used with Post Office ATMs.

What is the limit of ATM withdrawal for SBI?

Daily Cash Withdrawal & Transaction LimitState Bank Classic Debit CardDomesticDaily Cash Limit at ATMsMinimumRs. 100/-MaximumRs. 20,000/-Daily Point of Sales/e-Commerce LimitMinimumNo such limitMaximumRs. 50,000/-

Which ATM card is best?

The World Debit MasterCard, the standard debit card and the enhanced debit card are some of the most popular types of MasterCard debit card. These debit cards are particularly popular for their service and excellent customer support. MasterCard also offers a host of excellent benefits and a rewards program.

How many transactions are free from other bank ATM?

➢ AS PER RBI GUIDELINES, MAXIMUM 5 FREE TRANSACTIONS (FINANCIAL PLUS NON-FINANCIAL) PER MONTH ARE AVAILABLE ON OTHER BANKS’ ATMs. THIS INCLUDES MAXIMUM 3 TRANSACTIONS IN METRO AREAS. ➢ CUSTOMER WILL BE CHARGED FOR TRANSACTIONS ON MONTHLY BASIS BEYOND THE ABOVE LIMIT.