Post Office ATM Card Withdrawal Limits, Transactions Charges

Post offices in India have a wider reach that any banking service provider in the country. Its extensive network has enabled the government to promote banking facilities and inculcate saving habits among residents.

Features of savings account at India Post

• The account earns 4 percent per annum.
• The account can be opened with a minimum of Rs 20 and minimum balance to be maintained in a non-Cheque facility account is Rs 50.
• For bank account with cheque facility, the minimum balance to be maintained is Rs 500 and the account can also be opened with a minimum of Rs 500.
• Account can be transferred from one post office to another.
• Account can be opened in the name of minor and a minor of 10 years and above age can open and operate the account.

A savings account at India Post also comes with ATM card facility.

Daily ATM cash withdrawal limit

• Rs 25,000

Per transaction cash withdrawal limit

• Rs 10,000

Charges on transactions at Department of Posts ATMs

• Free with a limit of 5 transactions per day. In metro cities, the limit on free transactions (both financial and non-financial) is set at 3.

Free transactions at other bank ATMs

• 3 free transactions (financial and non-financial) at metro cities per month
• 5 free transactions (financial and non-financial) at non-metro cities per month

Charges on transactions at other bank ATMs

• Rs 20 + applicable GST on financial transactions exceeding permissible free limits
• Rs 8 + applicable GST on financial transactions exceeding permissible free limits