Cashnet

Cashnet
Operating area	Worldwide
Members	14
ATMs	10,700
Owner	Euronet India

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

Banks are invited to 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.

Through CashnetTM a bank can drive new fee income from acquiring transaction fees on its ATMs that will contribute to reducing the cost structure of its ATM network and at the same time extend the reach of ATM services to its customers without having to invest in costly infrastructure all across the country.

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

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

References

External links

Cashnet India

Banking in India

Reserve bank	Reserve Bank of India

Public sector banks	Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maharashtra Bharatiya Mahila Bank 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 Bikaner & Jaipur State Bank of Hyderabad State Bank of India State Bank of Mysore State Bank of Patiala State Bank of Travancore 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

Cooperative banks	Buldhana Urban Cosmos Bank Repco Bank Saraswat Bank Shamrao Vithal Co-op. 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 Internasional Indonesia Bank of America Bank of Bahrain and Kuwait Bank of Ceylon The Bank of Tokyo-Mitsubishi UFJ Barclays Citibank India Credit Suisse Deutsche Bank HSBC The Royal Bank of Scotland Scotiabank Standard Chartered

Regional Rural Banks	Andhra Pragathi Grameena Bank Kerala Gramin Bank Bangiya Gramin Vikash Bank Gramin Bank of Aryavart 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 List of regional rural banks in Uttar Pradesh

Interbank networks	BANCS Cashnet CashTree Cirrus IMPS MITR NFS PLUS RuPay

Defunct banks	Alliance Bank of Simla Arbuthnot & Co Bank of Bombay Bank of Calcutta Bank of Chettinad Bank of Madras Bank of Madura Bank of Rajasthan Bengal Central Bank Bharat Overseas 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 Imperial Bank of India ING Vysya Bank Lord Krishna Bank Madhavpura Mercantile Cooperative Bank Mercantile Bank of India, London and China Nath Bank Nedungadi Bank New Bank of India Oriental Bank Corporation Oudh Commercial Bank Palai Central Bank Pandyan Bank State Bank of Indore State Bank of Saurashtra United Industrial Bank

Related topics	Banking Codes and Standards Board of India ATM usage fees in India De-Materialisation (DEMAT) Foreign Exchange (FOREX) Indian Financial System Code (IFSC) List of banks in India National Electronic Fund Transfer (NEFT) National Payments Corporation of India Real Time Gross Settlement (RTGS) Structured Financial Messaging System (SFMS) Prepaid Payment Instruments in India

Interbank networks by region

Worldwide	Cirrus Plus

Africa	123 Multicaixa

Asia	1LINK ALTO atm⁵ ATM Bersama BancNet Banks ATM Network and Customer Services The Benefit Company Cashnet CashTree China UnionPay Dutch Bangla Bank Nexus Encash Network Service Electronic Payment Services (EPS) Expressnet EZ-Link JETCO LankaPay Link MEPS MEPS+ MegaLink MITR ATM Sharing Network MNET National Financial Switch Nationlink NETS PRIMA/ATM BCA RuPay Saudi Payments Network Shetab Banking System SLIPS Treats/ATM BNI 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/Exchange 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 Banred GlobalNet Redbanc Suiche7B

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