Withdraw Your Post Office Savings Amount From Any Bank ATM
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Bank Account Linked With Post Office – Withdraw From Bank ATM, Money Deposited In Post Office
Now you can withdraw your money deposited in post office from any bank ATM. Along with that you can withdraw the money from post office ATM which is deposited in any bank account. Government has linked the bank account and ATM together. So you can avail this facility if you have account in bank as well as post office.
ATM Become Interoperable
One of senior officer from department of post has told that all ATM of post department has become interoperable. By the beginning of the facility both bank account and post office customer get benefit.
Benefits Of This Facility
No Need To Stand Up In Post Office Line
The benefit of having inter-operable is that if you are having saving account in post office then you do not need to go the post office. You can withdraw money from any bank account.
Similarly in this way you can withdraw money from any post office ATM which is deposited in any bank account or branch.
No Transaction Charge Is Applied
India post payment bank has signed this agreement about transaction charges. India Post Payment Bank has kept post office ATM transaction completely free for its savings account holders. Means you can withdraw as many times money from ATM, it’s completely free.
Apart from this, India Post has also tied up with Punjab National Bank. In which the India Post Payment Bank’s savings account holders also have provided unlimited transaction facilities for withdrawing money from the Punjab National Bank ATM.
While ATMs account belongs to other banks, providing five transactions free in metro cities and 3 in non-metro cities.
India Post Office Going To Install 5000 ATM
According to information provided from the department of post, there is a plan to install 5000 ATMs of India Post in the country. Out of which 978 ATMs have been installed till March month. All these ATMs are interactive.
Bank Having More Than 2 Lakh ATM
In all over the county, bank having more than 2 lakh ATM network distributed. Which act as interoperable for post office network. And through this facility post office customer get direct benefit.
Transaction Limit Of India Post ATM
India Post payment bank account holders can withdraw up to 25 thousand rupees from Post Bank’s ATM in a single day.
Similarly in this way, you can withdraw up to 10 thousand in one time.
For more transaction beyond your limit, you will have to pay extra charges of 8 to 20 rupees.