NWD means Network Withdrawal which refers to the situation when one withdraws money from another bank’s ATM
Furthermore, if you withdraw money from your own bank’s ATM, the bank statement will indicate it as an ATW transaction. The terms NWD and ATW are generally used by private banks. Also, the NWD charges typically start at Rs 25, yet, not every account is charged for these transactions.
What is NWD Transaction in Bank Statement?
NWD stands for Network Withdrawal in bank statements. It is a concept used to refer to the situation where one withdraws money from another bank's ATM. As a result, you will have to pay an extra charge from Rs 25 onwards, and the bank statement will mention the NWD transaction.
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