Cashing scheme: Three ATMs for post office accounts in city soon

Three post offices in Chandigarh are set to get automatic teller machines (ATMs), bringing 24x7 banking to post office savings account holders. The ATMs, which will be located at the post offices in Sector 17, Sector 19 and Industrial Area, are likely to become operational in a couple of months.

Updated on: Mar 13, 2015, 12:53:52 IST

None | By Aarish Chhabra, Chandigarh

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Three post offices in Chandigarh are set to get automatic teller machines (ATMs), bringing 24x7 banking to post office savings account holders.

The ATMs, which will be located at the post offices in Sector 17, Sector 19 and Industrial Area, are likely to become operational in a couple of months.

“The construction for the kiosk is near completion, and the machines are here. Now we are awaiting rollout of the cards,” said Hari Mohan, superintendent of post offices (SPO), Chandigarh.

So far, he said, the provision to use other banks’ ATM cards is not to be made available, as the PO accounts are not directly governed by the relevant rules of the Reserve Bank of India. But, the new initiative would cover a huge network of people, especially those from the middle and lower-middle classes, said officials.

In Chandigarh and Punjab combined, 26 such ATMs are to be set up, covering around 8 lakh account holders. Of these, 4 lakh are in the Chandigarh division alone, which includes SAS Nagar and Rupnagar districts. One of the ATMs is to come up in Rupnagar. Besides, there will be two ATMs each in Ludhiana, Amritsar and Jalandhar, besides an ATM each in Patiala, Rajpura, Batala and Sangrur among others.

As for the security of the ATMs, the officials said the dedicated security staff at POs would also guard the kiosks as they would be part of the PO buildings and not standalone.

ABOUT THE AUTHOR
Aarish Chhabra
Aarish Chhabra is an Associate Editor with the Hindustan Times online team, writing news reports and explanatory articles, besides overseeing coverage for the website. His career spans nearly two decades across India's most respected newsrooms in print, digital, and broadcast. He has reported, written, and edited across formats — from breaking news and live election coverage, to analytical long-reads and cultural commentary — building a body of work that reflects both editorial rigour and a deep curiosity about the society he writes for. Aarish studied English literature, sociology and history, besides journalism, at Panjab University, Chandigarh, and started his career in that city, eventually moving to Delhi. He is also the author of ‘The Big Small Town: How Life Looks from Chandigarh’, a collection of critical essays originally serialised as a weekly column in the Hindustan Times, examining the culture and politics of a city that is far more than its famous architecture — and, in doing so, holding up a mirror to modern India. In stints at the BBC, The Indian Express, NDTV, and Jagran New Media, he worked across formats and languages; mainly English, also Hindi and Punjabi. He was part of the crack team for the BBC Explainer project replicated across the world by the broadcaster. At Jagran, he developed editorial guides and trained journalists on integrity and content quality. He has also worked at the intersection of journalism and education. At the Indian School of Business (ISB), Hyderabad, he developed a website that simplified academic research in management. At Bennett University's Times School of Media in Noida, he taught students the craft of digital journalism: from newsgathering and writing, to social media strategy and video storytelling. Having moved from a small town to a bigger town to a mega city for education and work, his intellectual passions lie at the intersection of society, politics, and popular culture — a perspective that informs both his writing and his view of the world. When not working, he is constantly reading long-form journalism or watching brainrot content, sometimes both at the same time.Read More

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