Subjective Type

What is NWD Transaction in Bank Statement ?

Solution

NWD is any type of transaction which is withdrawn through an ATM machine. Private sector bank like HDFC Bank uses various terms in its banking channels like EAW, NWD, OWD, ATW, ATS, NFS and AWB for automated teller machine (ATM) transactions for bank ATMs. So, if one goes to withdraw money from any HDFC Bank ATM it will indicate ATW on the statement, while if one goes to any other ATM apart from HDFC Bank ATM, it will be printed as NWD transaction. It is different for different banks though. For eg. Centurion Bank ATM transactions, the code is OWD.

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