look news india
Cash Withdrawal Rules: India Post Payment Bank has launched Online Aadhaar ATM (AEPS) facility. With its help, customers will be able to receive cash sitting at home. They will not need to go to the bank or nearest ATM booth. In this service the local postman will deliver cash at home.
This payment service is completely based on Aadhaar system. Through this any person can do transactions using his biometrics. For this it is necessary to link the bank account with Aadhar card. Apart from cash withdrawal, balance checking and account statement can be done through this facility.
cash request process
To get cash sitting at home, first of all you have to go to the website of India Post Payment Bank and apply. After this the postman will reach the customer's home with the micro ATM. The customer will have to use biometrics only. Aadhar card will not be required. The postman will deliver the cash as soon as the identity is verified. This money will be deducted from the customer's bank account.
how much will be charged
According to India Post Payment Bank, no fee will be charged from customers for ordering cash at home. However, the Bank may levy service charges for using this door step service.
You will be able to ask for this amount at one go: National Payments Corporation has fixed the maximum transaction limit per AEPS transaction at Rs 10,000.
Customers have to choose the right bank for the transaction. The amount will be deducted from the primary account only. If wrong Aadhaar details are entered or wrong bank is selected then the transaction will be declined.
can be used like this
First of all go to the website (https://ippbonline.com) and select the option of door step banking. Here you enter your name, mobile number, email ID, address, pin code, nearest post office near your house and the name of the bank in which you have your account.
After this you have to click on the option of I Agree. After this, the postman will reach your home after some time and complete the process of withdrawing the cash.
