There is going to be a big change in the transaction process of India Post Payments Bank Aadhaar Enabled Payment System. Those who are not IPPB customers will have to pay the charges for the transaction.
If you also invest in the post office, then this news can prove to be useful for you. Very soon there is going to be a significant change in the rules of the post office. Under these new rules, customers will have to pay extra charges for withdrawing money. The post office has given this information by issuing a circular.
According to the information shared by the post office, there is going to be a big change in the transaction process of India Post Payments Bank Aadhaar Enabled Payment System. According to the report, those who are not IPPB customers will have to pay the charges for the transaction. Not only this, charges will also have to be paid for cash withdrawal, deposit and mini statement through Aadhaar. Customers will have to pay extra charges for more than one transaction. According to the report, customers will have to pay Rs 20 along with GST charge for transactions exceeding the free limit in a month. To withdraw or deposit money, in both cases Rs 20 will have to be filled along with GST charge.
At the same time, you have to pay a charge of Rs 5 for mini statement. These new rules can come into effect from 1 December 2022. NPCI says that availing Aadhaar Enabled Payment System (AePS) using Aadhaar number and biometrics makes it safe and secure. Because AePS works on demographic and biometrics, it is also considered extremely secure.
