Interest Rates Comparison table between postal and bank
Friday, 26 February 2016
Tuesday, 23 February 2016
In six months, Postal debit cards will work at bank ATMs
In six months, those having accounts with post offices can use their
postal debit cards to withdraw cash from Automated Teller Machines (ATM)
operated by banks too.
With the inauguration of an ATM facility at the Park Town head post
office on Monday, all the city’s nine head post offices, including the
ones at Mylapore, Avadi and St.Thomas Mount, have ATMs now.
In the Park Town head post office, to start with, 250 customers will
be provided with debit cards and more customers will get theirs soon.
Charles Lobo, chief postmaster general, Tamil Nadu circle, inaugurated
the ATM and distributed debit cards.
Once the facility of interoperable ATMs are in place, bank customers
can withdraw cash from ATMs at post offices too, said Mervin Alexander,
postmaster general (Chennai City Region) at the function.
At present, there are 52 lakh postal savings account holders in the
Chennai city region. Of these, nearly 16,000 account holders have been
provided with debit cards.
Officials of the postal department say that such cards were given to
those who maintain a minimum balance of Rs. 500. Steps are being taken
to create more awareness about postal ATMs among customers.
Customers are likely to soon enjoy the benefits of net banking with
the department now operating it on a trial basis. Post offices in the
Chennai north division are conducting a campaign to get residents,
especially autorickshaw drivers and vendors in the Park Town area, to
take up Pradhamar Natchathra Paadhukappu.
Tuesday, 9 February 2016
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