Banks will no longer have to go to cash withdrawal, can withdraw money from any post office
new Delhi. Due to Corona virus, many people are facing difficulty in withdrawing money from the bank. But now there is a good news for you. It is reported that now the post office has also allowed bank account holders to withdraw cash. Through the Aadhaar Enabled Payment System, you can withdraw money from your bank account from the post office. For this, the account holder’s bank account should be linked to Aadhaar.
To take advantage of this facility, the Aadhaar Enabled Payment System is a system developed by the National Payments Corporation of India that allows people to carry out financial transactions through micro-ATMs by verification with the help of Aadhaar number and their fingerprint / iris scan.
With the help of this payment system, people can send and receive money from one bank account to another bank through their Aadhaar number. It is also safe for financial transactions, as bank information will not be required for the transaction. The fingerprint of the account holder is required to authorize the transaction.
Only those customers whose account is linked to bank account can avail this facility. At the same time, his account should also be in India Post Payment Bank. Under the AePS service, the Department of Posts provides interoperable doorstep banking services to customers of any bank, including Jan Dhan account holders in IPPB.
In addition to depositing and withdrawing cash at the post office through the Aadhaar Enabled Payment System, you also get the facilities for checking the balance of the account and money transfer and fund transfer. Through this, you can send cash from the bank to your India Post Payment Bank. Along with banking, there is also the facility of non-banking transactions.