Revision in the Limit of Minimum balance for issuance of ATM/Debit Cards to POSB Account Holders
Financial Service (FS) division of Department of Post has issued order effecting the reduction of minimum balance to be required to get a POSB ATM/Debit card. As per the new order vide F. No. 25-3/2014-FS-CBS (Part 1) dated 07.10.2015 a depositor who are opening an account with Rs.50 can apply for ATM/Debit card. The original order is given below.
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2 Comments
It is better to fix minimum set aside balance while it allows wdl below minimum ie even balance upto 0
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