look news india
If you have a post office ATM card, then this news is very important for you. The government has made some major changes in the rules for withdrawing money from ATM, which will directly affect your pocket. Now you will have to pay a hefty charge beyond the limit of free transactions from ATMs of other banks. Let us understand these new rules in simple language.
When you use another bank’s ATM
The biggest change has happened here. If you use ATM of any other bank (like SBI, HDFC, PNB) with your post office ATM card, now you have to keep this in mind:
- In metro cities: In big cities like Delhi, Mumbai, Kolkata you can pay only Rs. 3 times Will be able to transact for free.
- In small towns: This limit in non-metro cities 5 free transactions Is of.
How much will be charged after the limit is reached?
Once your free limit is reached, you will be charged on every transaction:
- On withdrawal of money (Financial Transaction): ₹23 + GST It will take.
- When checking balance or taking out mini statement (Non-Financial Transaction): ₹11 + GST It will take.
If you use ATM of post office only?
The matter of relief here is that there has been no change in the rules. If you withdraw money from the post office ATM itself, the old rules will remain applicable:
- you in the month 5 transactions (Withdrawal of money or checking balance) can be done for free.
- after the limit is reached ₹10 + GST on withdrawal of money And ₹5 + GST on balance checking It will take.
How to avoid these charges?
This change will most affect those people who frequently withdraw small amounts of money from ATMs. There are some simple steps you can take to avoid these extra charges:
- Use digital payment: Use UPI (like Google Pay, PhonePe) for small purchases. It’s free and easy.
- Keep track of the count: Keep track of how many times you use the ATM in a month.
- Withdraw more money at once: Instead of withdrawing a little money again and again, withdraw the money as per your need in one go.
Keep in mind that on post office ATM card ₹125 + GST There is also an annual maintenance charge of Rs. Therefore, use your card wisely so that your hard-earned money is not wasted on unnecessary charges.
