Date : 31.12.2016
Good News ! We Can Now Use POSB ATM Card In Any Bank ATM
Previously , people with accounts in postal department can only use the services of the India Post ATMs.
Today Reserve Bank of India (RBI) has approved the India Post's proposal for interoperability of its ATMs with other banks.
Equipped with a wide network of core banking solution (CBS) branches, Pensioners and other savings bank account holders, including Monthly Income Scheme (MIS) account holders with the postal department need not hence-forth wait in long queues for withdrawal of cash. They could withdraw up to a maximum of Rs.10,000 at a time from any ATM in India with the ATM cards issued to them.
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