ATM by Department of Posts inaugurated at Mettupalayam Post Office on 26.02.2016

The second ATM in Tirupur Division by Department of Posts in the Service of the Public has been inaugurated at Mettupalayam Post Office on 26.02.2016 at 1000 hrs.

The Department of Posts plans to set up 1000 ATMs at important Post offices all over India within March 2016. Out of this, 86 ATM locations are planned in Tamilnadu Postal Circle. In Western Region, already _5_ ATMs are functioning at HPOs of Coimbatore, Erode, Salem East and Tirupur Divisions.

Core Banking Solution (CBS) is networking all the Post Offices which enables customers to operate their accounts and avail Account related services from any Post Offices on CBS regardless of where he / she maintains his / her account. This project will bring in facilities of ATM banking, Internet Banking, Mobile Banking and Phone banking to the Post Office Savings Bank customers.

As part of Core Banking, the Post Office Savings Bank ATM at Mettupalayam Head Post Office is being inaugurated on 26.02.2016 by Shri.D.Satheesh Kumar, Chariman, Mettupalayam Municipality in the presence of Shri.E.R.Palanisamy, Superintendent of Post Offices, Tirupur Division.This is the second India Post ATM in this Division to be dedicated to the nation.

The features of India Post ATM are:

1. The Department of Posts will issue ATM cards free of cost.

2. Instant ATM cards will be issued at the Post Offices.

3. The service will be available only for Post Office account holders.

4. Customers bearing Savings account at the respective PO and having minimum balance of Rs. 50 /- can apply for ATM card.

5. Customers can withdraw maximum of Rs. 25000 /- per day and Rs. 10000 /- per transaction.

6. By having ATM card, the customer need not wait at the counter for making withdrawals. Card Holders can transact from any DoP ATMs in the country.

7. Fund transfer facility within DoP accounts is available.

8. The service will be available for 6 working days (Monday to Saturday) from 0800 AM to 0800 PM. In due course, it will enable POSB customers to perform transactions 24 x 7 and to transfer money from their account to any bank account.

It is expected that the IT Modernisation project will help the department to achieve a wider reach among the Indian Population through increased customer interaction channels.