Misplaced Pages

This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Cashnet" – news · newspapers · books · scholar · JSTOR (December 2016) (Learn how and when to remove this message)

Cashnet is an interbank network in India managed by Euronet Services India Pvt. Ltd. which is a subsidiary of Euronet Worldwide.

Banks can join the Cashnet shared ATM network whereby each member banks’ cardholders can perform transactions at other member banks’ ATMs. Member banks will allow their customers to perform transactions at other member banks ATMs ("Issuing Bank") and allow other member banks’ cardholders to perform transactions at their ATMs ("Acquiring Bank"). All member banks are expected to be both Issuing Banks and Acquiring Banks.

Euronet India provides the central switching and processing centre for the shared ATM network by establishing a host-to-host connection to each member bank, facilitating daily settlement between each participant and providing settlement reports. Switching and gateway services to international card organisations such as Visa, MasterCard, Amex and Diners Club will be provided.

History

The Reserve Bank of India (RBI) has granted the following approval on 8 April 2003. Cashnet was officially launched in Mumbai on 21 May 2003, and is the first Independent nationwide-shared ATM network in India.

Cashnet is India's largest private shared ATM network with IDBI Bank acting as the Settlement Bank.

Members

The network has 14 member banks with an approximate network strength of 10,700+ ATMs. The member banks of Cashnet are:

• Axis Bank
• Barclays Bank
• Citibank
• Corporation Bank
• Dena Bank
• Deutsche Bank
• Development Credit Bank
• Dhanalakshmi Bank
• HDFC Bank
• HSBC
• IDBI Bank
• ING Vysya Bank
• Standard Chartered Bank
• Kotak Mahindra Bank

Competitors

• CashTree
• MITR
• BANCS

References

1. Gabi Afram (2012). The Remittance Market in India: Opportunities, Challenges, and Policy Options. World Bank. p. 59. ISBN 9780821389348.

External links

• Cashnet India

v t e Banking in India
Institutes	Central bank v t e Reserve Bank of India Regulation Reserve Bank of India Act, 1934 Monetary Policy Committee People Governor of the Reserve Bank of India Deputy governor of the Reserve Bank of India Buildings Reserve Bank of India Staff College RBI Monetary Museum Subsidiaries Bharatiya Reserve Bank Note Mudran Security Printing and Minting Corporation of India Think tanks BBB BCSBI NPCI IBA IDRBT Speciality banks IFCI All India Financial Institutions : Exim Bank of India NABARD NHB SIDBI Other BIFR IBBI IBPS Deposit Insurance (DICGC)
Public-sector banks	Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Central Bank of India Indian Bank Indian Overseas Bank Jammu & Kashmir Bank Punjab & Sind Bank Punjab National Bank State Bank of India UCO Bank Union Bank of India
Private-sector banks	Axis Bank Bandhan Bank CSB Bank City Union Bank DCB Bank Dhanlaxmi Bank Federal Bank HDFC Bank ICICI Bank IDBI Bank IDFC First Bank IndusInd Bank Karnataka Bank Karur Vysya Bank Kotak Mahindra Bank Nainital Bank RBL Bank South Indian Bank Tamilnad Mercantile Bank Yes Bank
Foreign banks	Abu Dhabi Commercial Bank ANZ Bank Maybank Indonesia Bank of America Bank of Bahrain and Kuwait Bank of Ceylon Barclays Credit Suisse CTBC Bank Deutsche Bank HSBC Maybank MUFJ Rabobank Scotiabank Standard Chartered India Wholly owned subsidiary (WOS) DBS Bank State Bank of Mauritius Wound up/closed (or in process) Antwerp Diamond Bank Citibank
Small finance banks	AU Fincare Capital ESAF Equitas Jana North East Suryoday Ujjivan
Payments banks	Airtel National Securities Depository India Post Jio Paytm Surrendered licencees or wound up Aditya Birla Vodafone M-Pesa Tech Mahindra
Cooperative banks	Abhyudaya Co-operative Bank. Buldana Urban Cooperative Credit Society Cosmos Bank Dombivli Nagari Sahakari Bank Kerala Bank Mizoram Co-operative Apex Bank Punjab and Maharashtra Co-operative Bank Repco Bank Saraswat Bank Shamrao Vithal Co-operative Bank TNSC Bank
Regional rural banks	Assam Gramin Vikash Bank Bangiya Gramin Vikash Bank Mizoram Rural Bank Paschim Banga Gramin Bank Puduvai Bharathiar Grama Bank Tamil Nadu Grama Bank Uttar Bihar Gramin Bank Uttarakhand Gramin Bank Vananchal Gramin Bank Andhra Andhra Pradesh Grameena Vikas Bank Andhra Pragathi Grameena Bank Kerala Kerala Gramin Bank North Malabar Gramin Bank South Malabar Gramin Bank Uttar Pradesh Allahabad UP Gramin Bank Gramin Bank of Aryavart Sarva UP Gramin Bank
Defunct banks	Merged PSB New Bank of India Dena Bank Vijaya Bank Allahabad Bank Andhra Bank Corporation Bank Oriental Bank of Commerce United Bank of India Syndicate Bank SBI Bank of Bombay Bank of Calcutta Bank of Madras Imperial Bank of India 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 Bharatiya Mahila Bank Rescued Global Trust Bank (OBC) Lakshmi Vilas Bank (DBS) Nedungadi Bank (PNB) United Western Bank (IDBI) United Industrial Bank (Allahabad Bank) Punjab and Maharashtra Co-operative Bank (Unity SFB) Acquired Bank of Madura Bank of Rajasthan Bengal Central Bank Centurion Bank of Punjab Chartered Bank of India, Australia and China Grindlays Bank National Bank of India ING Vysya Bank Mercantile Bank of India, London and China Lord Krishna Bank Times Bank Vysya Bank PSB Bharat Overseas Bank Pandyan Bank Wound up Bank of Chettinad Dass Bank Failed Alliance Bank of Simla Arbuthnot & Co Commercial Bank of India Exchange Bank of India & Africa (New) Oriental Bank Corporation Oudh Commercial Bank Madhavpura Mercantile Cooperative Bank Liquidated Bengal Bank (1784) Bank of Bombay (1720) Bank of Hindostan General Bank of India General Bank of Bengal and Bihar Nath Bank Palai Central Bank The Commercial Bank (1819) The Calcutta Bank (1824) The Union Bank (1828) The Government Savings Bank (1833) The Bank of Mirzapore (1835) Travancore National and Quilon Bank
Networks	Interbank networks Cirrus NFS PLUS ATM networks BANCS Cashnet CashTree MITR
Cards	Mastercard Debit Mastercard Maestro RuPay Visa Visa Debit Visa Electron
Online transfers	AEPS BBPS BHIM IMPS NEFT RTGS UPI
Payment service providers	Atom BHIM BillDesk CCAvenue Paytm Zeta India Digital wallets Amazon Pay BharatPe Freecharge Google Pay Mobikwik Oxigen Services Payoneer PayU Payworld PhonePe
Related topics	ATM usage fees Bank run Black money Counterfeit money De-materialisation (de-mat) Demonetisation 2016 Low denomination coins Foreign exchange (ForEx) Lists: List of banks List of oldest banks in India Protocol and codes Bharat Bill Payment System (BBPS) Indian Financial System Code (IFSC) National Unified USSD Platform (NUUP) Structured Financial Messaging System (SFMS) Rates & ratios Rates Bank rate Mumbai Inter-Bank Bid Rate - MIBID/Mumbai Inter-Bank Offer Rate - MIBOR Mumbai Interbank Forward Offer Rate - MIFOR Ratios Capital Adequacy Ratio - CAR Statutory Liquidity Ratio - SLR Cash Reserve Ratio - CRR Regulators Insurance - IRDAI Banking - RBI Securities - SEBI Bankruptcy - IBBI Insolvency, bankruptcy and reconstruction Boards BIFR IBBI CERSAI Legislation IBC SARFESI Act Companies ARCIL Edelweiss ARC IAMCL Legislation Banking Regulation Act, 1949 Government Securities Act, 2006 IBC, 2016 RBI Act, 1934 SARFESI Act, 2002 Income-tax Act, 1961 Companies Act, 2013 Insurance Act, 1938 FEMA, 1999 Tribunals Company Law - NCLT Appellate - NCLAT Measures Prompt Corrective Action Other Institute of Banking Personnel Selection Mumbai Consensus

This Asian bank-related article is a stub. You can help Misplaced Pages by expanding it.

• v
• t
• e

This article related or pertaining to the economy of India is a stub. You can help Misplaced Pages by expanding it.

• v
• t
• e

• Interbank networks in India
• Asian bank stubs
• Indian economics and finance stubs