INSUBCONTINENT EXCLUSIVE:
India Post permits cash withdrawals up to Rs 25,000 per day through its ATM card.India Post or Department of Post offers several types of
accounts such as saving account, fixed deposit account, senior citizen savings scheme (SCSS) account and recurring deposit account
The saving account of India Post, which has a network of more than 1.5 lakh post offices across the country, also comes with an ATM facility
Post office savings account can be opened by paying a minimum of Rs 20
India Post pays interest at the rate of 4 per cent per annum on deposit in its savings account, according to India Post's website -
India Post permits cash withdrawals up to Rs 25,000 per day through its ATM card
Department of Post offers five transactions free of cost at its ATMs
This includes financial and non-financial transactions carried out at post office ATMs.3
Post office allows three free transactions in a month from its debit card when used at ATMs of other banks in metro cities
In non-metro cities, the upper limit for free transactions is five.India Post (post office) ATM transaction limits/chargesDaily ATM cash
withdrawal limitRs 25,000Cash withdrawal limit per transactionRs 10,000Charges for transactions done at DOP ATMsFree (Both Financial Non
Financial) with a limit of 5 Financial transactions per dayPermissible free transactions at other Bank ATMs (per month)Metro Cities - 3 free
transactions (Both Financial Non Financial)Non Metro Cities - 5 free transactions (Both Financial Non Financial)Charges after exceeding
permissible free transaction limit at other Bank ATMsFinancial Non Financial Transactions - Rs 20 + Applicable GST(As mentioned on India
Post's official website)4
In metros as well as non-metro cities, the prescribed limits are inclusive of financial and non-financial transactions.5
At other banks' ATMs, any transaction beyond the prescribed number of free transactions will be chargeable at Rs
20 plus applicable GST (Goods and Services Tax), according to India Post.
