Using Indian Atm card in UK

#1 Oct 24th, 2017, 21:18
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#1
Hi

I have some rupees languishing in a branch of Kotak bank. I have had an account there for quite a few years

My local Tamil shopowner, who I have not seen for a long time says that I can with draw money in GBP from Kotak using the ATM card. That would be great, as the reply from the bank states as below.

Anyone experienced this?.

Thanks



As per our internal process all financial transaction will be routed through signed documents for the purpose of audit and customer security,

Hence we are sorry to inform you that this financial transfer will be effected on your good visit to India/Our branch..

#2 Oct 24th, 2017, 22:01
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#2
" My local Tamil shopowner, who I have not seen for a long time says that I can with draw money in GBP from Kotak using the ATM card."

Tamils have a great sense of humor, I have a few good friends.
#3 Oct 25th, 2017, 07:26
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Indian banks these days do issue debit/ATM cards that can be used outside India. However, you have to apply specifically for one and you would surely have known it had your ATM card been one of this kind. Even if you had an internationally usable ATM card, transaction fees and limits might have made it impractical to use it to drain your account from the UK.
#4 Oct 25th, 2017, 09:31
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Agree with bandicoot's answer. Can't you book flights through internet banking? Or maybe something else where payment can be done online
#5 Oct 25th, 2017, 15:02
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#5

Using Indian Atm card in UK

I have had an Indian Bank account for decades, and it only allows me use of debit card within India.

If you are non resident, it's likely that you have an NRE bank account, I'm afraid bank will not allow use of debit card outside of India. I understand it's same if you have NRI bank account. It is only debit cards from Indian Citizen's account when travel abroad, they allow use of their debit card abroad.

I'm afraid even online use will be declined by payment processors abroad.

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#6 Oct 25th, 2017, 15:16
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#6
Thanks for your replies.

I did think it was too good to be true, but double checked here.

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#7 Oct 25th, 2017, 17:29
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#7
Quote:
Originally Posted by The_Londoner View Post If you are non resident, it's likely that you have an NRE bank account, I'm afraid bank will not allow use of debit card outside of India. I understand it's same if you have NRI bank account. It is only debit cards from Indian Citizen's account when travel abroad, they allow use of their debit card abroad.

I'm afraid even online use will be declined by payment processors abroad.
Residents, probably, rather than citizens, with resident accounts and, as Bandicoot says, International cards. Mine works abroad. As far as I know, it works on-line-abroad too, although I was unable to use it at AliExpress last week. Maybe they just don't want me sending my rupees to China!

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#8 Oct 29th, 2017, 19:53
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Quote:
Originally Posted by Nick-H View Post Residents, probably, rather than citizens, with resident accounts and, as Bandicoot says, International cards. Mine works abroad. As far as I know, it works on-line-abroad too, although I was unable to use it at AliExpress last week. Maybe they just don't want me sending my rupees to China!
...]
Yes residents - mine also says "International Debit Card". It does work in the UK but the transaction fees are eye-watering (still cheaper than a flight ticket though).

I bought off AliExpress a couple of weeks ago - don't remember if I used the debit card or internet banking, but it worked OK.

AndyD 8-)
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#9 Oct 29th, 2017, 23:21
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Quote:
don't remember if I used the debit card or internet banking
Internet banking? Ali Express? Possible?

I had thought that [Indian] internet banking worked only with Indian payees. By thought, I really mean assumed, of course.
#10 Oct 30th, 2017, 00:36
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#10
... now I'm not sure - I'll check tomorrow

AndyD 8-)
#11 Nov 15th, 2017, 03:42
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#11
Quote:
Originally Posted by fsg View Post Hi

I have some rupees languishing in a branch of Kotak bank. I have had an account there for quite a few years

My local Tamil shopowner, who I have not seen for a long time says that I can with draw money in GBP from Kotak using the ATM card. That would be great, as the reply from the bank states as below.

Anyone experienced this?.

Thanks



As per our internal process all financial transaction will be routed through signed documents for the purpose of audit and customer security,

Hence we are sorry to inform you that this financial transfer will be effected on your good visit to India/Our branch..

I don't understand why anyone would say that, worse yet, anyone would believe it.

I was un-educated once but I was able to educate myself.

All my local shopowners are Gujratis.
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Talking to the members of Flat Earth Researcher's Society"
#12 Nov 15th, 2017, 16:19
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The Gujeratis are not stupid, but bank wallahs are!

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#13 Nov 16th, 2017, 03:04
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#13
I never said Gujratis are stupid. BAnkwallahs are not stupid either. There ceratin rules that govern foreign exchange transactions.

Indian Rupee is not fully convertible. It's convertible for capital and current accounts (accounts used by businesses for imports and exports). Additionally Indian citizens, resident of India are allowed to convert certain amount of INR to foreign (read hard) currency for any purpose. Also, ATM cards issued to NRE account holders can be uses abroad. If you have an NRO account or another Rupee denominated account in India you will have a great deal of difficulty even converting your INR to GBP or any other hard currency unless you have documents to prove that the money in that account originated in sources outside India.

I sent tens of thousands of dollars to my father and loaned $15K to a friend of the family over 20 years ago. The friend had promised to pay me back in US$ but did not. A bit under US$10K of that money is in an NRO account. My bank would not issue me an ATM that could be used abroad for the reasons I cited above.

All I am saying is that it's neither prudent nor proper to call others stupid when ignorance lies somewhere else.

Without getting into who is or is not stupid, why do you think your ATM card should work in the U.K?

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