India Post under the 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, according to India Post's website - indiapost.gov.in. India Post - which has a network of over 1.5 lakh post offices across the country - provides offers a range of financial and retail services, other than its mail operations. India Post offers savings accounts along with an ATM facility. Currently, India Post ATMs have cash withdrawal limit of Rs 25,000 per day.
Here are five things to know:
1. While individuals can withdraw up to Rs 25,000 in cash in a day from an India Post or DoP ATM, a transaction limit of Rs 10,000 is applicable, according to the India Post website. That means the maximum cash that one can withdraw in a transaction carried out at a post office ATM is Rs 10,000.
2. India Post, however, did not mention the charges applicable beyond any transaction after the five free transactions in a day.
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 website.
4. In non-metro cities, the upper limit for free transactions is five, it mentioned. 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, according to India Post.
| Daily ATM cash withdrawal limit | Rs 25000/- |
| Cash withdrawal limit per transaction | Rs 10000/- |
| Charges for transactions done at DOP ATMs | Free (Both Financial & Non Financial) with a limit of 5 Financial transactions per day |
| Permissible 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 ATMs | Financial & Non Financial Transactions - Rs 20 + Applicable GST |
| (Source: indiapost.gov.in) | |
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