IDBI installs PoS machines at city airport to dispense cash

The PoS machines deployed at both domestic and international airports will allow Visa and RuPay debit card holders of IDBI Bank as well as a few select banks to withdraw cash for urgent needs.

By: PTI | Mumbai | Published:November 21, 2016 6:38 pm
Demonetisation, IDBI, IDBI bank, PoS machines, point of sale, airport, dispense cash, Cash, ATM, bank, india news, indian express esides IDBI Bank, Visa and RuPay debit card holders of State Bank, Bank of India, Union Bank of India, Canara Bank and HDFC Bank can also withdraw cash at the IDBI Bank’s PoS terminals at the airports.

To help crash-starved travellers, the state-run IDBI Bank has deployed its point of sale (PoS) machines at the Mumbai airport. The PoS machines deployed at both domestic and international airports will allow Visa and RuPay debit card holders of IDBI Bank as well as a few select banks to withdraw cash for urgent needs. A customer can get Rs 2,000 per card.

“We have deployed around 4-5 PoS machines at the Mumbai airport terminals where people can swipe a Visa or a RuPay card and the bank officials present there would give them cash. The intention is to help travellers meet their immediate cash needs,” Deputy Managing Director K P Nair said.

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Besides IDBI Bank, Visa and RuPay debit card holders of State Bank, Bank of India, Union Bank of India, Canara Bank and HDFC Bank can also withdraw cash at the IDBI Bank’s PoS terminals at the airports.

Nair said the bank is now deploying such PoS machines at the New Delhi airport also and is in talks with a few more airports.

He said the facility to withdraw cash from PoS terminals is only for Visa and RuPay cards, launched by National Payments Corporation, as both the companies are certified to undertake this exercise.

“Cash withdrawal on PoS machines requires a certain certification to be done. That certification exercise had already been done by Visa and RuPay,” Nair explained.

He said the bank has collected Rs 18,000 crore of deposits between November 10 and November 19. It has exchanged Rs 400 crore of scrapped Rs 500 and Rs 1,000 notes. Out of the 3,300 ATMs of the bank, 500 ATMs are recalibrated to dispense the new Rs 500 and Rs 2,000 notes.