National Financial Switch - Wikipedia National Financial Switch National Financial Switch Operating area India Members 90 Direct Members 228 Sub-Members 52 RRBs 7 WLAOs ATMs 188600 Founded 27 August 2004 Owner NPCI National Financial Switch ( NFS ) is the largest network of shared automated teller machines ( ATMs ) in India. It was designed, developed and deployed by the Institute for Development and Research in Banking Technology ( IDRBT ) in 2004, with the goal of inter-connecting the ATMs in the country and facilitating convenience banking. It is run by the National Payments Corporation of India ( NPCI ). Contents 1 Background 2 History 3 Member banks 4 Services offered in NFS 5 References 6 External links Background The first ATM in India was set up in 1987 by HSBC in Mumbai. In the following twelve years, about 1500 ATMs were set up in India. In 1997, the Indian Banks ' Association ( IBA ) set up Swadhan, the first network of shared ATMs in India. It was managed by India Switch Company ( ISC ) for five years, and allowed cardholders to withdraw cash from any ATM in the network, for a fee if they did not have an account with the bank that owned the ATM. In 2002, the network connected over 1000 ATMs of the 53 member banks of the association. The network was capable of handling 250,000 transactions per day, but only 5000 transactions, worth about ₹ 100,000, took place each day. In contrast, ICICI Bank 's network of about 640 ATMs handled transactions worth about ₹ 20,000,000 each day. After the contract with ISC expired, IBA failed to find a bidder to manage the operationally uneconomical network, and shut it down on 31 December 2003. After the collapse of Swadhan, Bank of India, Union Bank of India, Indian Bank, United Bank of India and Syndicate Bank formed an ATM - sharing network called CashTree. Citibank, the Industrial Development Bank of India, Standard Chartered Bank and Axis Bank formed a similar network called Cashnet. Punjab National Bank and Canara Bank also created such networks. In August 2003, the IDRBT announced that it would be creating the National Financial Switch ( NFS ) to link together the country 's ATMs in a single network. The IDRBT collaborated with Euronet Worldwide and Opus Software to build a platform to allow banks to connect their own switches to the NFS. The NFS consisted of an inter-ATM switch and a e-commerce payment gateway. History The National Financial Switch was launched by the IDRBT on 27 August 2004, connecting the ATMs of three banks, Corporation Bank, Bank of Baroda and ICICI Bank. The IDRBT then worked towards bringing all major banks in India on board and by December 2009, the network had grown to connect 49,880 ATMs of 37 banks, thereby emerging as the largest network of shared ATMs in the country. IDRBT decided to hive off its operational role on ATM switching to refocus on research and development, and was sought to shift the business to a national - level payment system organization. The National Payments Corporation of India ( NPCI ) started discussions with IDRBT on the feasibility of taking over. The Board for Regulation and Supervision of Payment and Settlement Systems ( BPSS ) at its meeting held on 24 September 2009 approved in - principle to issue authorisation to NPCI for operating various retail payment systems in the country. The Reserve Bank of India granted authorisation to NPCI to take over the operations of National Financial Switch ( NFS ) from the Institute of Development and Research in Banking Technology ( IDRBT ) on a ' as is where is basis ' on 15 October 2009. NPCI deputed its officials to IDRBT Hyderabad, and the Institute handed over the National Financial Switch to the NPCI on 14 December 2009. Any bank that provides core banking services with 24x7 transaction banking capabilities with or without ATMs may join the National Financial Switch through a sponsor bank. This allows non-scheduled Urban Co-operative Banks ( UCBs ) and Regional Rural Banks ( RRBs ) to gain access to the national network of over 103,000 ATMs in the country. Before 14 August 2011, access was limited to scheduled banks with RTGS membership. The sponsorship scheme was started to increase the connectivity of ATMs across the country, and to enable customers to use ATMs across India. The primary headquarters is located at Mumbai. Member banks As of April 2017, the NFS Network connects total of 2, 36,190 ATMs in India. Among them 2, 16,952 ATMs of 99 Direct Member banks, 4,058 ATMs of 692 Sub Member banks, 1,034 ATMs of 56 RRB Member banks and 14,146 ATMs of 8 White Label ATM providers, which is the largest number of ATMs under a single network in India. Services offered in NFS NFS which is the largest domestic ATM network in the country member banks has been in the fore front in providing inter bank ATM services to maximum customers. Initially, the following basic transactions were available in the NFS network Cash Withdrawal Balance Enquiry PIN Change Mini Statement To enable the member banks of NFS to offer greater utility to their customers, NPCI has introduced the below mentioned functionalities as value added services to enable customers to use these services at any participating bank ATMs. Card to Card Fund transfer ( ATM / Debit Card to ATM / Debit Card ) : Using this service, a Card holder of a participating NFS Member Bank will be able to remit funds to another Card holder of a participating NFS Member Bank. The funds will be transferred basis the Beneficiary 's ' Card Number ' which the remitter will be required to input at the time of the transaction. The main features of the service are mentioned below : Inter Operable Instant Fund Transfer 24 / 7 Availability Paper Less Secure Better Fund Management Transaction Limits - The transaction limits are in accordance with the RBI 's circular on ' Domestic Money Transfer '. Accordingly, for cases where the Issuing and Beneficiary Cards are ' Debit / ATM Cards ', the per transaction limit will be Rs. 5000 and the monthly limit will be Rs. 25,000 per remitter. Cheque Book Request / Statement Request : At present, although statement & cheque book request options are available at ATMs, these are available only for customers of that particular bank. NFS aims to make this option inter operable wherein customers will be able to avail the aforementioned services at NFS member bank ATMs who avail this particular service from NPCI. References Jump up ^ `` Barclays ATM network linked to National Financial Switch ''. The Economic Times. Mumbai : The Times Group. Press Trust of India. 2010 - 04 - 19. Archived from the original on 2014 - 04 - 29. Retrieved 2014 - 05 - 01. Jump up ^ http://www.timescrest.com/opinion/taking-stock-3681 Jump up ^ `` Common gateway to allow PSU bank customers to shop online ''. Economic Times. Mumbai : The Times Group. Press Trust of India. 2004 - 06 - 23. Archived from the original on 2014 - 04 - 29. Retrieved 2014 - 05 - 01. Jump up ^ `` Euronet Worldwide selected as turnkey solution provider for India 's national financial switch ''. Leawood : Euronet Worldwide. 2004 - 05 - 20. Archived from the original on 2014 - 05 - 01. Retrieved 2014 - 05 - 01. Jump up ^ `` Banks switch to interconnectivity ''. Economic Times. Mumbai : The Times Group. Press Trust of India. 2004 - 06 - 23. Archived from the original on 2014 - 04 - 29. Retrieved 2004 - 08 - 31. Jump up ^ `` Any bank can now join national financial switch : NPCI ''. Economic Times. Mumbai : The Times Group. Press Trust of India. 2011 - 08 - 14. Archived from the original on 2014 - 04 - 29. Retrieved 2014 - 05 - 01. Jump up ^ `` NFS Member Banks ATMs ''. National Payments Corporation of India. Archived from the original on 2014 - 02 - 08. Retrieved 2014 - 05 - 01. External links Reserve Bank of india National Financial Switch official web page Banking in India Central bank Reserve Bank of India Public sector banks Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Central Bank of India Corporation Bank Dena Bank IDBI Bank Indian Bank Indian Overseas Bank Oriental Bank of Commerce Post Bank of India Punjab & Sind Bank Punjab National Bank State Bank of India Syndicate Bank UCO Bank Union Bank of India United Bank of India Vijaya Bank Private sector banks Axis Bank Bandhan Bank Catholic Syrian Bank City Union Bank DCB Bank Dhanlaxmi Bank Federal Bank HDFC Bank ICICI Bank IDFC Bank IndusInd Bank Jammu & Kashmir Bank Karnataka Bank Karur Vysya Bank Kotak Mahindra Bank Lakshmi Vilas Bank Nainital Bank RBL Bank ( Ratnakar Bank ) South Indian Bank Tamilnad Mercantile Bank Limited Yes Bank Small finance bank Ujjivan Small Finance Bank Equitas Small Finance Bank AU Small Finance Bank Fincare Small Finance Bank ESAF Small Finance Bank Cooperative banks Buldhana Urban Cosmos Bank Repco Bank Saraswat Bank Shamrao Vithal Co-operative Bank TNSC Bank Rajkot Nagrik Sahakari Bank Foreign banks ABN AMRO Abu Dhabi Commercial Bank Antwerp Diamond Bank Australia and New Zealand Banking Group Bank Maybank Indonesia Bank of America Bank of Bahrain and Kuwait Bank of Ceylon The Bank of Tokyo - Mitsubishi UFJ Barclays Citibank India Credit Suisse DBS Bank Deutsche Bank HSBC Rabobank Royal Bank of Scotland Scotiabank Standard Chartered Regional Rural Banks Other Andhra Pradesh Grameena Vikas Bank Andhra Pragathi Grameena Bank Assam Gramin Vikash Bank Bangiya Gramin Vikash Bank Gramin Bank of Aryavart Kerala Gramin Bank North Malabar Gramin Bank Pallavan Grama Bank Pandyan Grama Bank Paschim Banga Gramin Bank Sarva UP Gramin Bank South Malabar Gramin Bank Uttar Bihar Gramin Bank Vananchal Gramin Bank Uttar Pradesh Allahabad UP Gramin Bank Baroda UP Gramin Bank Gramin Bank of Aryavart Kashi Gomti Samyut Gramin Bank Prathama Bank Purvanchal Bank Sarva UP Gramin Bank Payments bank Aditya Birla Payments Bank Airtel Jio Paytm India Post Payments Bank Defunct banks Alliance Bank of Simla Arbuthnot & Co Bank of Bombay Bank of Calcutta Bank of Chettinad Bank of Cochin Bank of Hindostan Bank of Madras Bank of Madura Bank of Rajasthan Bank of Thanjavur Bareilley Corporation Bank Bengal Central Bank Bharat Overseas Bank Bharatiya Mahila Bank Centurion Bank of Punjab Chartered Bank of India, Australia and China Commercial Bank of India Dass Bank Exchange Bank of India & Africa Global Trust Bank Grindlays Bank Hindustan Commercial Bank Imperial Bank of India ING Vysya Bank Lakshmi Commercial Bank Lord Krishna Bank Madhavpura Mercantile Cooperative Bank Mercantile Bank of India, London and China Miraj State Bank Nath Bank Nedungadi Bank New Bank of India Oriental Bank Corporation Oudh Commercial Bank Palai Central Bank Pandyan Bank Sikkim Bank State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of Indore State Bank of Mysore State Bank of Patiala State Bank of Saurashtra State Bank of Travancore Times Bank United Industrial Bank United Western Bank Interbank networks Cirrus NFS PLUS Electronic funds transfers BBPS IMPS NEFT RTGS UPI ( VPA ) AEPS BHIM Cards MasterCard Debit MasterCard Maestro RuPay Visa Visa Debit Visa Electron Visa payWave Related topics ATM usage fees in India De-Materialisation ( DEMAT ) Foreign Exchange ( FOREX ) Indian Financial System Code ( IFSC ) List of banks in India Prepaid Payment Instruments in India Institiutes Banks Board Bureau Banking Codes and Standards Board of India National Payments Corporation of India Protocol Bharat Bill Payment System Structured Financial Messaging System ( SFMS ) ATM networks BANCS Cashnet CashTree India 1 ATM ( White Label ATM ) Indicash ( White Label ATM ) MITR Payment service Atom BHIM BillDesk Chillr CitrusPay ( Lazy Pay ) Razorpay Tez Zeta India Digital wallets ABPB Wallet Amazon Pay Freecharge HDFC PayZapp ICICI pockets Mobikwik Oxigen Services Paytm PayU Payworld PhonePe SBI buddy Interbank networks by region Worldwide Cirrus Plus Africa 123 Multicaixa Asia 1LINK ALTO atm ATM Bersama BancNet Banks ATM Network and Customer Services Cashnet CashTree Dutch Bangla Bank Nexus Encash Network Service Electronic Payment Services ( EPS ) EZ - Link Isracard JETCO LankaPay Link MEPS MEPS+ MITR ATM Sharing Network MNET MyClear National Financial Switch Nationlink NETS PRIMA / ATM BCA RuPay Saudi Payments Network Shetab Banking System SLIPS The Benefit Company Treats / ATM BNI UnionPay Yucho Europe 4B Allied Irish Banks Banklink Eufiserv Euro 6000 Euronet Worldwide Girocard Bankcard - Servicenetz Cash Group CashPool Groupement des Cartes Bancaires CB LINK Multibanco Otto. Sbercard Servired Single Euro Payments Area VocaLink Zolotaya Korona North America Abby Accel Acculink Alberta Regional Network Alert Allpoint Armed Forces Financial Network ATH BankMate Cactus CarIFS Cash Station CO-OP Financial Services Discover Network Explore Honor Interac Interlink Jeanie Money Access Center MoneyPass MOST NYCE Presto ! Pulse SHAZAM STAR SUM TYME Via Oceania EFTPOS South America Banco 24 Horas Banelco A Toda Hora Banred GlobalNet Redbanc Suiche7B Book Retrieved from `` https://en.wikipedia.org/w/index.php?title=National_Financial_Switch&oldid=825550606 '' Categories : Interbank networks in India Payment and settlement systems in India Hidden categories : Use dmy dates from October 2015 Use Indian English from May 2013 All Wikipedia articles written in Indian English Talk Contents About Wikipedia Add links This page was last edited on 14 February 2018, at 01 : 28 ( UTC ). 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Question: which links all the atm's in india
Answer: National Financial Switch (NFS)