Post Office ATM Withdrawal Charges: Post Office ATM card holders will now get 3 free transactions in metro cities and 5 free transactions in non-metro cities at ATMs of other banks.
According to the latest government announcement, Post Office ATM card holders will now be charged for withdrawals made using their cards at other bank ATMs after a limited number of free transactions. Three free transactions at other bank ATMs will be allowed in metro cities and five in non-metro cities. After this, every financial transaction will be charged ₹23 plus GST, and non-financial transactions will be charged ₹11 plus GST.
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Fee structure at Post Office ATMs
Five free financial and non-financial transactions are permitted per month from your Post Office ATM. After this, financial transactions will be charged ₹10 plus GST, and non-financial transactions will be charged ₹5 plus GST. This fee structure for Post Office ATM users will continue as is and there is no increase.
Impact of fee hike and suggestions
This change will affect customers who frequently withdraw money from ATMs or perform non-financial activities, such as balance checking. This fee increase is necessary to maintain post office ATM services and provide better security. Users are advised to limit the number of ATM transactions or increase the use of digital payment methods, such as UPI, to avoid unnecessary charges.
Additionally, the annual maintenance charge for a Post Office ATM card is ₹125 plus GST. Reasonable charges apply for lost or duplicate PINs. It’s important for customers to stay informed about their card usage and related charges to enable better financial planning.
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