The Country’s first Post Office Savings bank ATM was Inaugurated in February, 2014 ?

The answer is C) Chennai. In February 2014, the Department of Posts, under the then Communications Minister Kapil Sibal, inaugurated the country's first Post Office Savings Bank ATM in Chennai, which allowed account holders to withdraw cash from their Post Office Savings Bank accounts through an ATM. Check the exact inauguration details against the PIB release of that year before relying on them for a specific date.

Why the others are wrong: Mumbai, Kolkata and Ahmedabad are major cities, but none of them was the venue for the country's first Post Office ATM. Aspirants often pick the metro that seems most likely, so the answer depends on the news item, not on logic.

Core concept: Post Office Savings Bank (POSB) is a government-run savings institution under the Department of Posts. Its move to ATM-based cash access was part of the wider effort to extend banking to rural and semi-urban India. Mains links include financial inclusion, the role of India Post, and the later India Post Payments Bank, launched in 2018 to build on this network.

Trap: Candidates confuse this launch with the later IPPB rollout or assume the largest metro was the first site. Remember the specific news event of February 2014.