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Last Updated Wednesday December 13 2017 08:22 PM IST

Banking menace: we don't need your ATMs

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Banking menace: we don't need your ATMs The India Post ATM cards can be used to draw money from any ATMs.

Wadakkancherry: How many times have you felt deceived by your bank drawing money from your account citing sundry charges related to online banking? Even for telling you how much you still have in your account or worse, for letting you know that the ATM machine is out of cash!

Now, you have a smart choice to get even.

India Post has rolled out a network of ATM counters across the country to let its savings account holders draw money without any “hidden charges”. There are absolutely no service charges for using the ATMs.

You will receive an ATM card from India Post within one day of opening a savings bank account at your neighborhood post office. You are required to keep at least Rs 50 in your account. The India Post ATM cards can be used to draw money from any ATMs.

The Postal Department launched the service from January 1 as part of the central government’s Digital India program. ATM counters have been opened in three places in Thrissur district, including Guruvayur and Wadakkancherry.

Anyone can open a savings bank account with India Post by providing a copy of the Aadhaar card and two photographs.

“The service is unique because there is no limitation to transactions through ATMs and there are no service charges or hidden charges,” Postal sub divisional inspector M. Sunil said.

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