What is NWD Transaction in Bank Statement?
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These are ATM Withdrawal Charges.
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NWD which stands for Network Withdrawal is a type of ATM transaction. The banks especially the Private ones like HDFC use various terms--EAW, NWD, OWD, ATW, ATS, NFS and AWB for automated teller machine (ATM) transactions.
If a HDFC account holder withdraws money through non-HDFC ATM machines, the statement slip always shows NWD transaction while in other case it shows ATW transaction.
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