Now Withdraw Rs. 2,000 at Petrol Pumps
posted on Nov 18, 2016 @ 10:30AM
2,500 select petrol pumps of the country will be dispensing Rs. 2,000 per day per person against debit and credit cards. People can get cash at select petrol pumps with SBI machines by swiping their debit cards, the latest announcement aimed at tackling long queues of people turning up at banks and ATMs to exchange or deposit Rs 500 and Rs 1,000 banknotes that were withdrawn last week. Over the next three days, the facility will be extended to 20,000 outlets that have card swipe machines from HDFC Bank, Citibank and ICICI Bank. The pumps need to have a State Bank of India Point of Sale machine. These are machines that are used for debit or credit card transactions. The cash will be dispensed by the pump attendants after the card is swiped. Petrol pumps are already accepting Rs 500 and Rs 1,000 notes and will continue to do so till November 24, the release said. The move by oil companies is expected to reduce queues at banks, especially for those who need to exchange old notes for new.