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Coimbatore, Nov. 28

Karur Vysya Bank has launched a technology aided service — payment of institutional fees through ATMs. The facility was introduced at the Chettinad College of Engineering and Technology, Puiyur, near Karur, where the 308th ATM of the bank was inaugurated on Thursday. This would facilitate remittance of college and examination fees, hostel and mess bills through the ATM, a KVB release said. The remitter would be able to authorise the debit from his/her account and cr edit to the college account directly, and receive an authentication for the transaction from the ATM. The facility is available free of service charges at all ATMs of the bank. The bank plans to introduce a facility for transfer of funds from one account to another through ATMs.

— Our Bureau

More Stories on : Private Banks | Education | Tamil Nadu

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