INSUBCONTINENT EXCLUSIVE:
India Post offers the facility to transfer savings accounts from one post office branch to another.
India Post - which operates a network of more than 1.5 lakh post offices across the country - provides a variety of banking services
The Department of Posts offers several savings schemes with different interest rates
Along with its savings accounts, it offers ATM-cum-debit cards with a certain withdrawal limit
Post office savings account can be opened by paying a minimum of Rs 20, according to the India Post's official website - indiapost.gov.in
India Post pays interest at the rate of 4 per cent per annum on deposit in its savings account in the current quarter
Here are 10 things to know about post office ATM cards facility:Customers are charged for transactions at ATMs over and above
the permitted number of free transactions.The ATM card charges are levied depending on the type - whether it belongs to the same post office
offers five transactions per day free of cost at its ATMs
This includes financial and non-financial transactions.India Post or Department of Post allows three free transactions in a month from its
debit card when used at ATMs of other banks in metro cities.Post office ATM card holders are allowed five transactions free of cost in other
banks' ATMs located in cities other than metros.India Post ATM card holders exhausting the permissible number of transactions at ATMs of
office savings accounts can be held with or without a cheque book facility.India Post also offers the facility to transfer savings accounts
from one post office branch to another, according to its website.Get Breaking news, live coverage, and Latest News from India and around the
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