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The MITR network is a multilateral interbank network in India that allows for shared automated teller machine access among its six member banks. It was established in 2003 with five founding member banks and allows customers of member banks to use other members' ATMs to perform financial transactions like withdrawals and balance inquiries. The network is operated and managed through settlement arrangements between member banks.

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104 views8 pages

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The MITR network is a multilateral interbank network in India that allows for shared automated teller machine access among its six member banks. It was established in 2003 with five founding member banks and allows customers of member banks to use other members' ATMs to perform financial transactions like withdrawals and balance inquiries. The network is operated and managed through settlement arrangements between member banks.

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MITR ATM Sharing Network

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MITR NetworkOperating areaIndiaMembers6Founded8 October 2003
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:[1]

Punjab National Bank (PNB)


Oriental Bank of Commerce (OBC)
Indian Bank
Karur Vysya Bank
IndusInd Bank
UCO Bank
PNB acts as settlement bank for MITR Network. ATM transaction switching technology
has been provided by Chennai-based Financial Software Solutions (P) Ltd.

Competitors[edit]
Cashnet
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References[edit]

Banks portal

^ Punjab National Bank

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NetworksInterbank networks
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Legislation
Banking Regulation Act, 1949
Insolvency and Bankruptcy Code, 2016
National Bank for Financing Infrastructure and Development Bill, 2021
Reserve Bank of India Act, 1934
Related topics
ATM usage fees
De-Materialisation (De-Mat)
Foreign Exchange (ForEx)
Indian Financial System Code (IFSC)
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