• search

BOI reaches an agreement with SBI to share ATM network

Written by: Staff

Mumbai, July 5 (UNI) Bank of India, has entered into a bilateral agreement with SBI for both the banks to share each other's network of ATMs across the country.

Known as CashTree, the first such sharing arrangement has got 11 banks as its members and a total number of 2,500 ATMs, A BOI release issued here today said.

Apart from it, BOI also manages another network called BANCS, where other 13 banks are members and which has got a network of 4,500 ATMs, the release said.

The new arrangement will add another 5,500 ATMs of the SBI network for BOI clients. These different networks have got service charges, CashTree being offered free of cost to BOI customers. Under the new set-up, BOI customers will now have a choice of 12,500 ATMs to use and can select the ATM according to their convenience and at the charges offered by the networks - ranging between Rs 10 and Rs 22, the release added.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more