Through Aadhaar ATM, any person can easily make transactions using his biometric identity. For this, it will be necessary to link the bank account with Aadhaar card. Through this facility, apart from cash withdrawal, other tasks will also be done easily. Let us tell you if you live in a rural or urban area and you are unable or unable to go to your nearest bank or ATM. Apart from this, people who are old, helpless or helpless will now be able to easily withdraw cash through Aadhaar ATM sitting at home.

Rajesh Kumar, Postal Superintendent of Purnia Division Post Office, told Local 18 that India Post Payment is a special facility of the bank. It provides cash to customers sitting at home. India Post Payment Bank has started ATM facility on online basis. With its help, any bank customer will be able to pass cash sitting at home. They will not need to go to the bank or the nearest ATM booth.

In this service, the local postman will deliver cash at home. However, he said that this payment service is completely based on the Aadhaar system. Through this, any person can make transactions using his biometric identity. For this it is necessary to link the bank account with Aadhar card. Apart from cash withdrawal, balance check and account details can also be done through this facility.

Cash ordering process

To get cash sitting at home, first you have to apply by visiting the website of India Post Payment Bank. After this the postman will reach your home with the micro ATM. The customer will have to use only biometric identification, Aadhar card will not be required. As soon as the identity is verified, the postman will give you the cash amount and this money will be deducted from the bank account of a customer like you.

Maximum amount will be withdrawn in one day

According to India Post Payment Bank, no fee will be charged from customers for asking for cash at home. There will be no charge for using the door step service. He said that according to the National Payments Corporation, the maximum transaction limit on one time transaction has been fixed at ₹ 10000. Customers have to select the correct bank for the transaction. The amount will be deducted from the primary account only. If wrong Aadhaar details are entered or wrong bank is selected then the transaction will be rejected and cancelled.

Apply like this to get cash sitting at home

To avail the benefit of Door Step Aadhaar ATM service, first of all you have to go to the website (https://ippbonline.com) and choose the option of Door Step Banking. Here you will have to enter your name, mobile number, email ID, address and pin code and the correct details of the post office nearest to your home and the name of the bank account from which the money will be withdrawn. After this you will have to click on the option of ‘I Agree’.

Income Tax Department has started a new facility, crores of people will benefit from this.

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This circular states that NPS account holders can withdraw up to 25% of the amount excluding employer contribution from the individual pension account. This facility will be available to account holders from 1st February. In such a situation, know here under which conditions partial withdrawal can be made from NPS, what are the necessary conditions and process.

Know in which situations you can withdraw money

• If you need money for your children’s higher education, you can make partial withdrawal from NPS.
• Account holders can also make partial withdrawal up to 25 percent for the marriage of children.
• Partial withdrawal can also be made for buying a house, home loan repayment etc., but this rule has been slightly changed. If you already have a house in your name or your spouse’s name, you will not be able to avail this facility to buy another house.
• Money can be withdrawn from the NPS account for hospital stay and treatment expenses during serious illnesses.
• The amount can be withdrawn in case of medically incapacitation or disability due to any accident.
• In case of serious illness, the amount can be withdrawn for hospitalization or treatment.
• You can withdraw money for starting any kind of business, startup, skill development or any course.

Requirements for partial withdrawal

• NPS subscribers must be a member for at least three years from the joining date.
• More than one-fourth of the subscriber’s contribution cannot be withdrawn from the pension account.
• Withdrawals can be made a maximum of 3 times during the entire subscription tenure. It is necessary to have a gap of 5-5 years during all the three partial withdrawals. This withdrawal will not exceed 25 percent of your entire contribution. 

What is the withdrawal process?

• To withdraw the amount of 25 percent or less under NPS, one will have to first apply to any government nodal agency of NPS.
• Along with this application, you will have to give a self-declaration as to the purpose for which you are withdrawing the amount.
• After this the application will have to be submitted to the Central Recordkeeping Agency (CRA).
• Then the agency will process the application after verification.
• If the subscriber is ill, a family member or nominee can make this request in his place.  

Let us tell you that the Central Government had launched the National Pension Scheme on January 1, 2004. Initially, it was only for government employees, but after 2009, private sector employees were also given the facility to invest in this scheme. According to PFRDA, after the age of 60 years (retirement), there is a facility to withdraw 60 percent of the total maturity amount from NPS in lump sum, the remaining 40 percent of the maturity amount has to be invested in an annuity plan, from which pension is received. 

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It is important for you to be aware of these guidelines if you also have an account with the post office. On August 25, the Ministry of Communications had issued a circular saying that if any account holder wants to withdraw more than Rs 10,000, then they will need authentication for withdrawal of Rs 10,000. No account holder can withdraw more than Rs 10000 without verification.

Fraud cases will come down At the same time, the authentication process has been done away with for more withdrawals in single-handed post offices. In addition, the post office can check transactions under certain circumstances. Such rules have been implemented to prevent postal banking frauds. The post office says that this decision will reduce the cases of fraud.

Withdrawal limit increased Along with stopping the case of fraud towards the post office, other rules have also changed. Until recently, post office account holders could withdraw only up to Rs 5000, but this limit has now been increased to Rs 20,000. The Branch Postmaster will not accept any customer account transactions above Rs 50,000.

Paying interest on savings account more than other banks Any Indian citizen can open an account in the post office. Its minimum interest is very less as compared to other banks, account can be opened with only Rs.500. At the same time, more interest is also given on the savings account than other banks. At present, the post office is providing 4% interest to the customers on the savings account.

It is worth noting that the cases of fraud in the country are increasing day by day. Cyber ​​criminals are trying new tricks of fraud, about which the bank and RBI are being alerted.

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