DELHI: 11/18/2015
If you are frustrated by long queues outside banks and ATMs this news is for you. You can now drive into a petrol pump to draw cash. You have to 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 across the country that have card swipe machines from State Bank of India. After that over the next three days, the facility will be extended to 20,000 outlets that have card swipe machines from Citibank, HDFC Bank, and ICICI Bank.
The move, initially suggested by the All India Petroleum Dealers Association, is part of the Indian Government efforts to ease the rush for new currency notes at bank branches and functional ATMs following withdrawal of Rs 500 and Rs 1,000 bills.
This may leads to chaos at petrol pumps, which could inconvenience customers seeking to tank up fuel.
The details of the plan to use pumps to dispense cash were worked out on Thursday at a meeting between senior executives of Indian Oil, Hindustan Petroleum and Bharat Petroleum and SBI chief.
Latest News is that the facility to dispense cash from petrol pumps will continue even after November 24, 2016 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.
This is a good step toward ease, and making a new India.
All India Petroleum Dealers Association is doing great efforts in building a great nation.
If you are frustrated by long queues outside banks and ATMs this news is for you. You can now drive into a petrol pump to draw cash. You have to 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 across the country that have card swipe machines from State Bank of India. After that over the next three days, the facility will be extended to 20,000 outlets that have card swipe machines from Citibank, HDFC Bank, and ICICI Bank.
The move, initially suggested by the All India Petroleum Dealers Association, is part of the Indian Government efforts to ease the rush for new currency notes at bank branches and functional ATMs following withdrawal of Rs 500 and Rs 1,000 bills.
This may leads to chaos at petrol pumps, which could inconvenience customers seeking to tank up fuel.
The details of the plan to use pumps to dispense cash were worked out on Thursday at a meeting between senior executives of Indian Oil, Hindustan Petroleum and Bharat Petroleum and SBI chief.
Latest News is that the facility to dispense cash from petrol pumps will continue even after November 24, 2016 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.
This is a good step toward ease, and making a new India.
All India Petroleum Dealers Association is doing great efforts in building a great nation.
<script data-ad-client="ca-pub-4399706123201471" async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>
This comment has been removed by the author.
ReplyDelete