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Select petrol pumps to dispense cash up to Rs 2000; here’s the list of places where you can withdraw money
Demonetisation: A person can swipe his/her debit card at petrol pump and get up to Rs 2000 cash.
New Delhi, Nov 18: If you are tired of standing in long queues outside banks and ATMs to withdraw cash, then here is another option for you. Select petrol pumps across the country will dispense Rs 2,000 cash per person per day. A person can swipe his/her debit card at petrol pump and get up to Rs 2000 cash. From today onwards, 2,500 selected petrol pumps across the country, that have card swipe machines from State Bank of India, will offer cash withdrawal facility to customers. The service will be extended to 20,000 petrol pumps that have card swipe machines from HDFC Bank, Citibank and ICICI Bank, in next three days. Also Read - ED Attaches Rs 130 Crore Assets of Hyderabad-based Musaddilal Jewellers & Others in Demonetisation Case
“Cash to be dispensed at 2,500 petrol pumps; Cash to be given by swiping of debit/credit card via POS (Point of Sale) machine,” @DDNewsLive tweeted on Thursday. “It has been decided that an amount up to Rs 2000 per day per person in cash can be dispensed against swiping of debit card from select petrol pumps where POS machines of SBI are already available,” an official said. Also Read - Four Years of Demonetisation: PM Modi Hails Transparency, Congress Calls it 'National Tragedy'
The decision of offering cash withdrawal facility at petrol pumps came after a meeting between senior executives of Indian Oil, Hindustan Petroleum and Bharat Petroleum and SBI chief Arundhati Bhattacharya. It has been decided that the select petrol pumps will continue to dispense cash even after November 24, the time till which old currency notes of Rs 500 and Rs 1,000 can be used to pay for essential services. Also Read - Want to Withdraw More Than Rs 10,000? SBI Offers Daily ATM Cash Withdrawal Upto Rs 1 Lakh | Check Details Here
The queues shrinking measure comes following the demonetisation of Rs 500 and Rs 1,000 currency notes by the government on November 8, that has triggered long queues at banks and ATMs across the country to deposit or exchange the scrapped notes and withdraw cash. With cash withdrawal facility at petrol pumps, government expects the rush outside banks and ATMs to be minimized.
Banks: Since banks are available in most parts of the country, it could be the easiest option to withdraw cash. But it is not the case. You can withdraw cash from any bank, but you will have to stand in a long queue for hours.
ATM: A person can also withdraw cash from an ATM machine (if it is working). Due to rush, ATMs are going cashless in minutes.
Post offices: This is also another alternative for those starving for cash
