Mysuru: Being burdened by all kinds of transaction charges including the ones on ATM cards by the banks following instructions from the Reserve Bank of India (RBI), India Post is coming to the rescue of the hapless customers.
It is very easy to open accounts in Post Offices now and all one needs is just Rs.50 and along with that an ATM card will be issued free of cost. “We have been issuing ATM cards free of cost till now. But now the new ATM cards come with magnetic chips which is very secure and it cannot be tampered with,” said Senior Superintendent of Post Offices N. Prakash, speaking to Star of Mysore.
