Post Office ATM: If you have taken an ATM card for the Post Office Savings Account, then you must know the transaction to be done and the terms and conditions associated with it.
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Post Office ATM Card Details: If you use the post office ATM card, then you have to take care of some important things. Because there are some special conditions for transaction with post office ATM card. Post Office to its Savings Account Holder (Post Office Savings Account) also provides facility of ATM card to This card is also used like a bank ATM card. If you have also taken Post Office ATM Card for Post Office Savings Account, then you must know the transaction to be done with it and the terms and conditions associated with it.
According to the official website of India Post, you can withdraw a maximum of Rs 25,000 from the Post Office ATM card every day. And on this you can withdraw up to Rs 10000 per transaction.
today’s big news
If you come from a metro city (as an account holder), you can do three free transactions at other bank ATMs in a month and if you come from a non-metro city, you can do free transactions five times. There is no charge on transactions from India Post’s ATM (Post Office ATM Card). Rs 20 + GST charge has to be paid after the free limit is exhausted from another bank’s ATM.
how much is to be charged
If you are replacing the Post Office ATM Card of India Post, then according to the official website of India Post, Rs 300 + GST has to be paid as charge. A charge of Rs 50 + GST is to be paid for generating the PIN through the branch and Rs 20 + GST if the transaction is declined due to insufficient balance in the account.
This facility will not be available in this situation
If the post office savings account holder is a minor or has a joint account, then neither Post Office ATM Card nor internet banking is issued to such account holder.
Looks like maintenance charge
When you use India Post’s ATM card (Post Office ATM Card), then Rs 125 + GST has to be paid annually as maintenance charge. The post office debit card holder also has to pay an annual charge of Rs 12 for SMS.
ATM withdrawal charges
If you withdraw cash after the free limit on India Post’s ATM machine, then Rs 10 + GST charge has to be paid on this financial transaction. Similarly, Rs 8 + GST for non-financial transactions beyond the free limit at other ATMs and Rs 5 + GST for non-financial transactions beyond the free limit at India Post ATMs (Post Office ATM Card).
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