Now government allowed to withdraw cash upto Rs 2000 from selected petrol pumps. This facility will initially available at 2500 petrol pumps across the country that have card swipe machines from State Bank of India . Over the next three days this facility have been extended to 20000 outlets that have card swipe machines from HDFC Bank, Citibank and ICICI Bank.
This move ,initially suggested by the India Petroleum Dealers Association, is part of the Centre's efforts to ease the rush for new currency notes at bank branches and functional ATMs (cash dispensing machines) following withdrawal of Rs 500 and Rs 1,000 bills.
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 Arundhati Bhattacharya.
#DeMonetisation
— Hindustan Petroleum (@HPCL) November 17, 2016
Cash Dispensation to be started from select PetrolPumps of IOCL/BPCL/HPCL@dpradhanbjp @AshutoshJindalS pic.twitter.com/N36Ow8PGVH
The facility to withdraw cash from petrol pumps will 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.
