MITR is a Multi lateral ATM Network Sharing arrangement of 6 member Banks in India. It came into existence on 8 October 2003 with 5 member Banks.
Presently, the MITR network is having six member Banks:
- Punjab National Bank (PNB)
- Oriental Bank of Commerce (OBC)
- Indian Bank
- Karur Vysya Bank
- IndusInd Bank
- UCO Bank
PNB acts as Settlement Bank for MITR Network. State of art ATM transaction switching technology has been provided by Chennai-based Financial Software Solutions (P) Ltd.
References
MITR ATM Sharing Network Wikipedia(Text) CC BY-SA