Sunday, April 18, 2021

Post Office: Cash withdrawals at post offices, collection of charges on deposits .. Effective April 1 – post office introduced charges on cash withdrawal cash deposit and aeps transactions

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Post Office: Do you have an account at the post office? But this is for you. Charges will now be levied for depositing cash at post offices, or withdrawing cash …

Post Office: Do you have an account at the post office? But this is for you. Charges will now be levied for depositing cash at post offices, or withdrawing cash. The new charges will come into effect from April 1, the postal department said. However, these charges will be levied depending on the account at the post office. No charges will be levied for cash withdrawals four times a month. Withdrawals of more than four denominations will be charged at the rate of Rs.25 per transaction. However this policy was for banks. Those who charge if more than four money is drawn from ATMs. Now being implemented in the Postal‌ branch. Also there is no need to pay any charges at the time of cash deposit at post offices. If you have a current account instead of a basic savings account, you can withdraw up to Rs 25,000 per month.

Until then no charges will be levied. Also there is no fee if you make a cash deposit at the rate of ten thousand per month. If you deposit more than that amount, you will be charged at least Rs.25. That’s up to 0.50% of your total. Also unlimited transactions on Post Payment Network are completely free. There is also a charge for the Aadhaar enabled payment system. Three transactions per month are free on non-IPPB networks. Apart from these, a fee of five rupees is charged for taking a mini statement at the post office.

Also, although the charges are being implemented at present, the postal department is making many schemes available to the customers. Introducing different types of schemes. The postal department, which was once limited to letters, then offers all kinds of services. The Postal Department is continuing its efforts to attract people by introducing various schemes in the Postal Department.

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