Petrol pumps turn into cash counters, to give Rs 2,000 a day

The government on Thursday allowed select petrol pumps to dispense cash of up to Rs 2,000 per day through debit card swipe. 

Published: 18th November 2016 12:59 PM  |   Last Updated: 18th November 2016 12:59 PM   |  A+A-

petrol bunk, demonetisation, fuel, money

Crowd at a petrol bunk after announcement of demonetisation. | EPS

By Express News Service

NEW DELHI: As crowds waiting for cash refuse to die down, the government on Thursday allowed select petrol pumps to dispense cash of up to Rs 2,000 per day through debit card swipe.  The move is expected to marginally reduce the burden on banks. The facility would be available at 2,500 petrol pumps across the country.

“It has been decided that an amount up to Rs 2,000 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. Select petrol pumps run by the Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited and the Hindustan Petroleum Corporation Limited would come under this scheme. The government is also in talks with the industry to extend this facility to 20,000 outlets across the country, claimed reports.

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