Mumbai: Now customers need not visit a bank branch or log on to internet for transferring money to another account. They can do it through automated teller machines (ATMs).

Six Indian have decided to offer fund transfer facility through ATMs through a shared network - Mitr. Punjab National Bank (PNB), Indian Bank, Oriental Bank of Commerce (OBC), Karur Vysya Bank, IndusInd Bank and UCO Bank, are part of the ATM sharing network, Mitr, with PNB as the settlement bank. This inter-bank network of 2,600 ATMs will be managed by FSSNet.

Besides options for balance enquiry, cash withdrawal and cash deposit, the main menu of the ATM would now also include a fund transfer option. The customer can transfer money by entering details of the account into which funds are to be moved.

PNB however, has to seek formal approval from the RBI. The limit under ''card to card transfers'' will be as specified by the central bank. At present, cash withdrawals of up to Rs25,000 are permitted at ATMs.

The process is expected to be completed in 10-12 weeks.