According to the latest government announcement, Post Office ATM card holders will now have to pay charges for using their cards at other bank ATMs after a limited number of free transactions.
In metro cities, users will get three free transactions per month at other bank ATMs, while five free transactions will be allowed in non-metro cities.
After the free limit, each financial transaction will cost ₹23 plus GST, and each non-financial transaction (like balance inquiry) will cost ₹11 plus GST.
Charges for Using Post Office ATMs
Customers can make five free financial and non-financial transactions per month from their own Post Office ATM.
After that, each financial transaction will be charged ₹10 plus GST, and each non-financial transaction will be charged ₹5 plus GST.
This fee structure remains unchanged, meaning there is no increase in charges for transactions made at Post Office ATMs.
Effect on Customers and Tips to Save Charges
The new rule mainly affects people who frequently withdraw cash or check their balance at ATMs. The increased fees are meant to maintain ATM services and enhance security.
To avoid extra charges, customers are advised to:
Limit the number of ATM withdrawals, and
Use digital payment options like UPI for daily transactions.
Additionally, the annual maintenance fee for a Post Office ATM card is ₹125 plus GST, and reasonable charges apply for lost cards or duplicate PIN requests.
Staying aware of these fees can help customers manage their finances better.
