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Post Office ATM card: Like banks, India Post also allows its savings account holders to use ATM cards. The way to use it is just like the normal ATM card of the bank. If you have also opened a savings account in India Post and you want to enjoy its ATM card facility, then do know all the terms and conditions issued on the first transaction.
transaction limit
Like bank ATM card, the government has set a limit on India Post’s ATM card as well. According to the information available on the official website of India Post, through this ATM card, the holder can withdraw only 25 thousand rupees in a day. You can withdraw only Rs 10,000 at a time. If you want to withdraw 25 thousand rupees, then for this you have to withdraw 10 thousand rupees twice and once 5 thousand rupees.
How many free transactions on another ATM machine?
No transaction charges are levied at Indian Post ATMs. However, its limit has been set on ATMs of other banks. If you live in a metro city, you can do 3 free transactions in a month from other bank’s ATM. If you live in a non-metro city, you can do five free transactions from other ATMs. After this limit is exhausted, you will be charged Rs 20 plus GST per transaction.
ATM Card Replacement
If you want to replace the India Post Office ATM card for any reason, then you will have to pay Rs 300 plus GST charges for it. Apart from this, Rs 50 plus GST charges will have to be paid for generating the PIN through the branch.
Who does not get ATM card?
Account holders of India Post Office who are minors i.e. those who are below 18 years of age. Or those who have a joint account. ATM card facility has not been given to such account holders. Internet banking facility has also not been made available to such account holders.
ATM annual charge
To avail the facility of post office ATM card, the account holder has to pay Rs 125 plus GST annually as maintenance charge. Apart from this, if you want to get information about each transaction through SMS, then for this you will have to pay Rs 12 plus GST charges annually.
How much charge after the free limit is over?
You will have to pay a charge after the free transaction limit is over at the India Post ATM machine. If you want to do financial transaction (cash withdrawal) then you have to pay Rs 10 plus GST per transaction. And if you want to do non finance transaction (balance inquiry or generate pin) then you have to pay Rs 8 plus GST charge.
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