Money & Banking

Axis Bank launches ETM service in Vijayawada

Our Bureau Vijayawada | Updated on February 15, 2011

Axis Bank here on Tuesday launched Everywhere Teller Machine (ETM) service and debit-card holders in the city can now withdraw upto Rs. 1,000 per day from point-of-sale terminals at select merchant outlets.

Launching the service, Mr. M.V Subramanian, the president (Business Banking) of the bank, said the facility would ease the process of withdrawing cash for the customers when an ATM facility was not available in the vicinity of the stores. He said the bank was offering many such innovative products to the customers and the merchants were also happy as it would boost their business.

The service would be available at Axis Bank EDC machines installed at select merchant outlets and all debit card-holders could make use of it. An amount of Rs. 10 would be charged per transaction.

He said the bank had set up over 1,80,000 POS terminals across the country. In the first phase, it had tied up with 120 merchants and it would tie up with 500 merchants across AP by the end of March. The service would be rolled out in Maharashtra, Tamil Nadu, Karnataka, Kerala and Gujarat in the current financial year and all states would be covered in the next.

Published on February 15, 2011

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