Top lenders and post offices (which also provide banking services) across the country offer ATM-cum-debit cards but levy certain usage charges. Customers are charged for transactions at ATMs over and above the permitted number of free transactions. The ATM card charges apply depending on the type - whether it belongs to the same bank or post office where the customer's account is located or some other bank or post office - and nature of ATM - whether the ATM is located in a metropolitan or any other city in the country. State-run State Bank of India (SBI) also charge customers for issuance and annual maintenance of an ATM-cum-debit card.
Given below is a comparison of various types of ATM-cum-debit card charges levied by SBI and post office:
State Bank of India (SBI)
Here are the various charges of SBI's ATM cards as stated on bank's website - sbi.co.in:
Post office
Here are the various charges of Post office's ATM cards as stated on India Post's website - indiapost.gov.in:
(As mentioned on India Post's official website)
Post office offers several types of accounts such as saving account, fixed deposit account, senior citizen savings scheme (SCSS) account and recurring deposit account.
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