Delhi, 18 Nov: In a major relief to the Public from standing in long queues outside banks and ATMs, now the cash withdrawal facility will be provided in the petrol Pump through swiping your debit card.
You can Swipe your debit card at petrol stations run by state-run oil companies and you will get Rs 2,000.
The facility will initially be available at 2,500 petrol pumps in all around the country that are having card swipe machines from State Bank of India, the country’s largest bank.
However, by the coming three days, the facility will be extended to 20,000 outlets that have card swipe machines from HDFC Bank, Citibank and ICICI Bank.
The measure, suggested by the All India Petroleum Dealers Association is part of the centre’s effort in the view of massive rush outside banks and ATMs.
The details of the plan to use pumps to dispense cash were discussed on Thursday at a meeting between senior executives of Indian Oil, Hindustan Petroleum and Bharat Petroleum and SBI chief Arundhati Bhattacharya.
The facility will remain continue 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. The withdrawal will be restricted to Rs 2,000 per debit card per day.