Postal Department launched Domestic Money Transfer (Cash to Account) service through India Post Payments Bank

In the midst of the CORONA global epidemic, the Department of Posts has made another unique start for citizens. You have rarely thought about the convenience of depositing cash sitting at home, but now it's going to be true. Now the postal department has started providing the facility of depositing cash in any bank account through Postman or at Post Office counter. Here, some process will be completed by Postman through mobile and the cash will be credited to the account mentioned by customer as soon as the cash reaches the postman's hand. The above information was shared by the Postmaster General of Varanasi Region Mr. Krishna Kumar Yadav.

Postmaster General Mr. Krishna Kumar Yadav said that through the India Post Payments Bank, the facility of withdrawing cash from any bank account sitting at home is already being provided by the Aadhaar Enabled Payment System, but now cash deposit from home facility has also been started by the Department of Posts. Under this "Domestic Money Transfer" service, the customer has to provide cash and bank account number of the recipient, IFSC code and his mobile number. If the postman transfers the money from his mobile to the account mentioned immediately, then an OTP will come on the customer's mobile, which will have to be shared with the postman. Once postman enter the OTP,  the balance will be credited to the bank account and another confirmed message will arrive on the customer's mobile.

Maximum of one lakh deposits in a month

Postmaster General Mr. Krishna Kumar Yadav told that, certain conditions are applicable for depositing money sitting at home under Domestic Money Transfer Service. PAN card holders can deposit cash in any bank account for ₹ 25,000 at a time, ₹ 49,999 in a day and a maximum of ₹ 1 lakh in a month. On the other hand, a person without a PAN card can deposit ₹ 5,000 at a time,  ₹ 25,000 in a day and a maximum of ₹ 25,000 in a month in any bank account sitting at home. A minimum of  ₹100 can be deposited under this service.

Customer will be charged a minimum fee

To avail the domestic money transfer service, a nominal fee has been kept, which is ₹ 10  or one percent of the deposited amount, whichever is higher. Postmaster General Mr. Krishna Kumar Yadav said that, with this facility, people will not have to stand in queue of banks and it will be possible to transfer money in the bank account of any person. Women, senior citizens, Divyang people, shopkeepers, migrant workers etc. will get a lot of convenience from this. This facility will always be beneficial for the people due to the wide network of Postal Department in the villages and remote areas.

UNI News : Postal Department launches domestic money transfer service

Now transfer cash to any bank account sitting at home through Postman - Postmaster General Krishna Kumar Yadav