The approval from RBI is to support only ‘on US’ transactions through ATMs. We need to prove our CAPABILITY to handle ATM related transactions in a closed environment and then migrate to both ‘on us’ and ‘of us’ transactions. ‘On us’ transactions means ATM cards issued by department of post will be supported only on POSB ATMs. POSB ATMs will act as silo ATM connected to the DoP CBS environment. So, DoP customers will not be able to use the ATMs to WITHDRAW money from outside of DoP network (other bank ATMs).

After approval from RBI, India post will COLLABORATE with VISA, Mastercard along with RuPay of NPCI. These collaborations will facilitate withdrawal facility through VISA and MasterCard network (supporting ‘of us’ transactions). It is expected that DoP will get the approval post the pilot implementation. Post that POSB customers can transact in other bank’s ATMs and vice versa.

The approval from RBI is to support only ‘on us’ transactions through ATMs. We need to prove our capability to handle ATM related transactions in a closed environment and then migrate to both ‘on us’ and ‘of us’ transactions. ‘On us’ transactions means ATM cards issued by department of post will be supported only on POSB ATMs. POSB ATMs will act as silo ATM connected to the DoP CBS environment. So, DoP customers will not be able to use the ATMs to withdraw money from outside of DoP network (other bank ATMs).

After approval from RBI, India post will collaborate with VISA, Mastercard along with RuPay of NPCI. These collaborations will facilitate withdrawal facility through VISA and MasterCard network (supporting ‘of us’ transactions). It is expected that DoP will get the approval post the pilot implementation. Post that POSB customers can transact in other bank’s ATMs and vice versa.