HDFC signs ATM sharing agreement with Kotak Mahindra

New Delhi, Mar 31 (UNI) HDFC Bank and Kotak Mahindra Bank (KMB) today signed a Memorandum of Understanding (MoU) for sharing their ATM network.

Customers of HDFC Bank would have to pay Rs 18 for cash withdrawals and Rs 7 for query-based transactions for using KMB's ATM network.

However, KMB is offering access to HDFC Bank ATM network free of cost to most of its customers.

HDFC Bank has 1,335 ATMs, while KMB has 75 ATMs.

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