Soon people will be able to withdraw money from any bank account – private or PSU – through ATMs of India Post, as it takes the first step towards the proposed Postal Bank in the next few years.Currently, people with accounts in postal department can use the services of the ATM.
India Post, which has already received a license for starting a Payments Bank, will send a proposal to the Reserve Bank of India (RBI) for allowing ATMs of India Post to work on the platforms of all other banks. “We will soon send a proposal for interoperability of its ATMs with other banks. This would mean technology upgradation in our existing ATMs,” according to a senior official from the department.
The minister for communications and IT Ravi Shankar Prasad has been taking keen interest in the revival of India Post through various measures. Currently, about 600 ATMs have been installed across the country and target is to take this number to 1000 by March this year and 10,000 in the next couple of years. Also, another 20,000 micro ATMs will be set up in the same period.
Bank customers can use post-office ATMs soon
