INSUBCONTINENT EXCLUSIVE:
Customers are charged for transactions at ATMs over and above permitted number of free transactions.India Post - which has a network of over
1.5 lakh post offices across the country - provides a range of financial and retail services, other than its mailing operations
It offers a regular savings account, as part of its small savings schemes portfolio, along with an ATM-cum-debit card facility
India Post under the Department of Post offers a certain number of transactions free of cost at ATMs with a specific transaction limit
Customers are charged for transactions at ATMs over and above these permitted number of free transactions
The ATM card charges apply depending on the type - whether it belongs to the post office where the customer's account is located or some
A cash withdrawal limit of Rs
10,000 per transaction is applicable
India Post offers five transactions per day free of cost at its ATMs
This includes financial and non-financial transactions carried out at post office ATMs,3
The Department of Posts allows three free transactions in a month from its debit card when used at ATMs of other banks in metro cities,
according to the India Post's website.4
Post office ATM card holders are allowed five transactions free of cost in other banks' ATMs located in cities other than metros.5
ATM card holders exhausting the permissible number of transactions at ATMs of other banks have to pay a fee of Rs
20 (plus GST) for every additional transaction, according to the post office website.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)Among other services, post office savings accounts can be held with or without
India Post also offers the facility to transfer savings accounts from one post office branch to another, according to its website.
