Reply To: PPF vs NSC – which is better

[Sameer Kapoor]

Now Post office will also offer ATM. Finance Minister P Chidambaramas inaugurated first Post office Saving bank ATM as a part of 4909 crore IT modernization scheme for Department of posts. The first ATM was launched at Thiyagaraya Nagar Head Post Office (HPO). Initially it will be used for withdrawing money just for saving deposit from post office but later it will be used similar to any other bank deposit, which means that it will offer ‘inter-operability’ i.e the customer will be able to withdraw cash of other banks also (just like other bank ATMs)