Cash withdrawal using debit cards starts at 700 petrol pumps

November 18, 2016 19:25

Nearly 700 petrol pumps across the country on Friday started dispensing cash through debit card swipe in a bid to ease the cash crunch in the economy following the government's decision to withdraw Rs 1,000 and Rs 500 notes.

The facility to provide Rs 2,000 per day per card will be extended to 2,500 petrol pumps by this week-end and will in due course be available at 20,000 outlets across the country.

The government had on Thursday decided to allow up to Rs2,000 per day per person to be dispensed against swiping of debit cards at select petrol pumps where point of sale machines of the State Bank of India are already available.

PoS machines are the machines which are generally used for debit or credit card transactions.

Petrol pumps have been accepting old and now-defunct currency notes of 500 and 1,000 denominations and the same will continue till 24 November.

There is no shortage of petroleum products at the petrol pumps and consumers can purchase them as per their needs, an official statement said. As of 4 pm today, "cash dispensing facility had become operational at 686 retail outlets', it said.

« Back to LIVE

TOP STORIES

'15 seconds, and Owaisis wouldn't know...': BJP's Rana

Rana's blistering attack came in response to AIMIM MLA Akbaruddin Owaisi's controversial speech in 2013 that it would take them only '15 minutes' to balance the 'Hindu- Muslim ratio' in the country if the police were removed.

Haryana crisis: Oppn approaches guv, steps up efforts to topple BJP govt

'It is evident that the BJP govt in Haryana no longer commands a majority,' former Deputy Chief Minister and JJP leader Dushyant Chautala said in his letter to the governor on Wednesday.

Air India Express cabin crew call off strike; no sacking of staffers

Both parties will discuss the issues and there will be a meeting again on May 28, he said.

Pune court likely to pronounce verdict in Dabholkar murder case today

Additional sessions judge A A Jadhav of the special court for cases under the Unlawful Activities (Prevention) Act is likely to pronounce the judgement on Friday, said special public prosecutor Prakash Suryawanshi.

'Gutted' Curran rues missed chances after Punjab exit

PBKS skipper Sam Curran was a disappointed man as the team was eliminated with two games left.