Aadhar ATM
Introduction
Mr. Mehetha, a 36-year-old Software employee, needs cash urgently in physical. But, he is not in a condition to go to the Bank or ATM from his home, as he has been feeling sick for 3 days.
However, his wife doesn’t know, How to draw money from an ATM.
His next option is Friends and Family.
Unfortunately, Mr. Mehetha sought no help from them due to month-end financial issues.
Even though, Mr. Mehetha can withdraw money from his bank account by sitting at home from India Post Payments Bank (IPPB) Door Step Service.
People who don’t have an IPPB Bank account also can avail of these services.
Let’s see how..?
Features of Post Office Aadhar ATM
| S.No | Particulars | Details |
|---|---|---|
| 1. | Name of Service | Aadhaar ATM service |
| 2. | Services provider | India Post Payment Bank (IPPB) |
| 3. | Type of Technology | Aadhaar Enabled Payment System (AEPS) |
| 4. | Eligibility | Link your Bank account with Aadhaar |
| 5. | Aadhaar ATM Withdrawl Limit | Maximum Cash withdrawal Rs.10,000 per transaction |
| 6. | Charges | Rs.20 + GST for each transaction |
| 7. | Registration | No separate registration required |
What is a Post office Aadhar ATM?
India Post Payment Bank (IPPB) has recently launched a new service i.e. Aadhaar ATM service.
As IPPB recently posted on X, People can avail of multiple services through Aadhar ATMs including Cash withdrawals from your Home. In order to avail it, you need to link your existing Bank account with Aadhaar.
The Aadhar ATM services are provided through AEPS i.e. Aadhaar Enabled Payment System. It is a payment service. Through AEPS, any bank account holder should use their Aadhaar identity and link it to their bank account. Then only people can avail this IPPB Aadhaar ATM services.
Can I use Aadhaar ATM without IPPB account
People must have a Bank account enabled with AEPS is necessary to avail these services.
You can check the AEPS banks list here.
What Services can be availed through Aadhaar ATM ?
All the below-mentioned 12 Services can be availed using Aadhaar ATM.
1. You can open a New bank account,
2. Cash Withdrawal,
3. Make bill payments,
4. Transfer money within India and
5. Can make any payment in the Department of Post.
6. PPF payments,
7. Sukanya Samriddhi Yojana payments.
8. Other recurring deposits,
9. Loan against RD,
10. Postal or Rural Postal Life Insurance.
11. Digital Life Certificate
12. Aadhar-Mobile Update
Is there any limits on transactions..!
Yes.. Keep on reading my dear Friend.
Post Office Aadhaar ATM Limit?
For Cash Withdrawals, customers cannot make large withdrawals by using this service but they can make small withdrawals without going to the bank or ATM.
The Maximum Cash withdrawal or Money transfer limit under IPPB Door Step Service is Rs.10,000 per transaction only.
Should I pay charges to avail these services or Can I get it for Free..!!
Post Office Aadhaar ATM charges?
To avail Aadhar ATM services, individuals have to use their Biometrics and you will be charged with Rs.20 + GST for each transaction.
The charges seems to be nominal. Then, How can I register for it ?
How to Register for Aadhar ATM services?
To avail Aadhar ATM services, no fresh and separate registration is required.
However, linking of your Aadhaar number with your existing Bank account is enough to avail these services from IPPB. And also it is to be noted that your bank must be enabled with AEPS technology. Otherwise, you are not eligible to avail these services.
Steps to Register for Aadhar ATM services?
Step 1: Go to IPPB DSB
Step 2: Select the Service
Step 3: Book the time slot
Step 4: Get your service done
When Can I avail of Aadhar ATM services?
If you want a particular service for today itself, IPPB doesn’t provide it.
Customers who want to avail of Door Step Service, have to select their slot in advance. Then only you can avail of these services.
Minimum Slot booking Time – T+2 Days. It means you should book the slot at least 3 days before.
Maximum Slot booking Time – T+10 Days. It means you can book the slot for a maximum time of T+10 days before. i.e. at least 11 days before.
At what times, Aadhar ATM services will be provided ?
The Aadhar ATM services will be provided only from 11AM in the morning till 4pm in the evening.
You can also call to this number 155299 and can order your Door Step banking service.
If any transaction fails, then, you have a chance to get your refund amount within a maximum of 5 working days.
When Post Office Aadhaar ATM Transaction declined ?
If your bank account is not linked with Aadhaar, your transaction will be declined.
You will also receive an SMS alert, for each Successful or failed transaction done using IPPB Door Step Service.
Conclusion
People who have enough time to go to the Bank or ATM and can withdraw money, Don’t need these services. But, If there are ladies or elders at home, in case of summer or winter seasons, these Door step services are quite helpful.
One of the advantage of Aadhar ATM Services is that there is No age barrier to avail it. Therefore, anyone can place a request for these services.
If you want to avail, Door Step Services in State Bank of India (SBI) check the below post.
Thanks for your time folks 🙂
