Govt allows dispensing cash up to Rs 2000 through debit card swipe at select petrol pumps

The facility will be available at 2,500 petrol pumps.

By: PTI | New Delhi | Updated: November 18, 2016 11:28 am
petrol pumps cash, notes, demonetisation, 2000 petrol pumps, petrol pumps currency, Rs 2000, news, latest news, India news, national news “It has been decided that an amount up to Rs 2000 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. (source: PTI)

In a bid to ease cash crunch, the government on Thursday allowed dispensing cash of up to Rs 2,000 through debit card swipe at select petrol pumps.

“It has been decided that an amount up to Rs 2000 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.

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

Here is the full statement released by Hindustan Petroleum:

The Public Sector Oil Companies namely Indian Oil Corporation Limited, Bharat Petroleum and Hindustan Petroleum Corporation Limited, in association with State Bank of India, have come forward to ease out some of the challenges being faced by the common public regarding availability of currencies for day to day transactions post demonetization of Rs. 500 and Rs. 1000 denomination currency notes.

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While various measures have been taken by the Government of India and Banking industry to ensure that there is least inconvenience to the public, some initial teething problems are being faced in the changeover period due to recalibration required in the existing ATMs and the sudden spurt in the requirement.

In this regard, seniors officials of IOCL, BPCL and HPCL, had a meeting with Ms. Arundhati Bhattacharya, Chairman, State Bank of India, today and it has been decided that an amount up to Rs. 2000/- 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. POS machines are the machines which are generally used for credit or debit card transactions. It has been decided to start this facility at around 2500 petrol pumps spread across the country including rural areas, where SBI POS machines are provided. The Oil Industry is also in further discussions with SBI and other Banks to extend this facility to over 20,000 petrol pumps gradually.

This facility will be available even after November 24, 2016. It may be noted that petrol pumps have been accepting currency notes of Rs. 500 and Rs. 1000 denominations and will continue to do so till November 24, 2016. There is no shortage of petroleum products at the petrol pumps and consumers can purchase them as per their needs.

It is also requested that consumers should use cashless transactions– credit/debit cards, mobile wallets, loyalty programmes etc for purchase of fuel so that there is no difficulty to consumers which is mainly associated with cash transactions. In this regard, such facilities for cashless transactions are already available with all the Oil companies to which substantial number of people have already subscribed.

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First Published on: November 17, 2016 11:50 pm
  1. K
    Kalyan
    Nov 18, 2016 at 6:34 am
    What denomination notes will be dispensed? Petrol pumps must be flooded with ₹500and₹1000 notes now. Do they dispense the same? If yes, what's the use? Or they are trying to convert their cash transactions into their books?lt;br/gt;How do they get so many ₹100 notes if they want to dispense?lt;br/gt;lt;br/gt;Half information is more dangerous. Though the news was making headlines the last evening, I was waiting for IE to make the things categorical but for disappointment
    Reply
    1. A
      Ashok Mazumdar
      Nov 18, 2016 at 3:14 am
      Do not Know What to Do. !lt;br/gt;lt;br/gt;What to Say. !lt;br/gt;lt;br/gt;How to Say.!lt;br/gt;lt;br/gt;Whom ti Inform !lt;br/gt;lt;br/gt;How many days !lt;br/gt;lt;br/gt;What next !lt;br/gt;lt;br/gt;Confussssed 😂💥👻😨😪
      Reply
      1. M
        Mayur Panghaal
        Nov 18, 2016 at 3:14 am
        Ha ha ha....how abt brothels dispensing cash now ? Two birds with one stone.lt;br/gt;What a day !!
        Reply
        1. V
          Vihari Naidu
          Nov 18, 2016 at 2:47 am
          Just to show the lines in front of the banks are reduced while in reality new lines form in front of petrol bunks.
          Reply
          1. R
            rajan luthra
            Nov 18, 2016 at 12:09 am
            When only 40% ATMs are dispensing cash and that too in the form of mutilated notes, what benefit is going to be derived from this move? Only knee-jerk reactions with no plan. Where is Subramaniam Swamy, the Finance Minister in waiting?
            Reply
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