Reserve Bank of India (RBI)
has approved the India Post's proposal for interoperability of its ATMs with
other banks. Now the ATM card issued by India Post can be used in ATM installed
by any Bank. Likewise, customers of all banks can use India Post ATM to withdraw
money from their bank accounts. Earlier,
people with accounts in Post Office Savings Accounts can only use the services
of the India Post ATMs.
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.
DOP ATMs are interoperable
now, however still under observation for a week. As per postal directorate orders all the DOP
ATMs should be functioning and kept open 24X7. Same time, instruction has been
issued to all the ATM site located SOLs to personally check the ATM screen by
using other bank ATM cards and do some sample transactions. If the other bank
cards are not functional in those ATMs they have to consolidate such ATM
location details with ATM ID and SOLID for taking up the issue with respective
vendor for early rectification by 02/01/2017 1100 hours.
Good Job thanks
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