No cash for swipe facility at filling stations in Chandigarh as yet 

According to the officials of various oil companies, each of the petrol pump owners with POS machines of different banks will have Rs 1 lakh limit for one day to dispense cash.

Written by Adil Akhzer | Chandigarh | Published:November 19, 2016 2:32 am
Chandigarh, demonetisation, Rs 2000, debit cards, petrol pumps, petrol pump cash, news, latest news, chandigarh news, India news, national news People swapping Dabit Cards for Withdrawal 2000 Rupees from outside one of the Bank at Bank Square in Sector 17 of Chandigarh on Friday. (Express Photo by Kamleshwar Singh)

Tricity residents may soon get up to Rs 2,000 per day per person after swiping debit cards at the petrol pumps, representatives of various public sector oil companies said on Friday.

“We are hopeful that the facility will be started in a day or two. Residents can visit these petrol pumps and get cash up to Rs 2,000 by swiping their cards in the point-of-sale (POS) machines,” Sachin Sharma, senior divisional retail sales manager, Indian Oil Corporation (IOC), told Chandigarh Newsline.

Watch: How Demonetisation Impacts Rural Population

 

POS machines are generally used for credit or debit card transactions. Indian Oil Corporation Limited, Bharat Petroleum and Hindustan Petroleum Corporation Limited have petrol pumps across the Tricity. The oil companies at the petrol pumps use POS machines of various banks. IOC officials say they will provide this facility at their 25 petrol pumps in Chandigarh and Mohali. They also have 16 petrol pumps in Panchkula.

Gagandeep Singh, chief regional manager, Hindustan Petroleum Corporation Limited, claims talks are on at the “highest level”. “As soon as we receive directions from our office, our petrol pumps will start this facility,” he said. He said that there were 11 HPC-run petrol pumps in Chandigarh. This facility will also be available in Panchkula.

A statement issued by the Hindustan Petroleum on Thursday had said Rs 2,000 per day per person in cash could be dispensed against swiping of debit cards from select petrol pumps where POS machines of SBI were already available. Sharma said that none of their petrol pumps had SBI POS machines in the Tricity. “We have 14 such pumps in Punjab where people can go and get cash,” he said.

“There are some petrol pumps of HPC with SBI POS machines in Chandigarh. They will start the facility in a day or two,” said Gagandeep Singh.

According to the officials of various oil companies, each of the petrol pump owners with POS machines of different banks will have Rs 1 lakh limit for one day to dispense cash. “They will act as ATMs across the country. The move is to ease cash crunch in the country,” said an official.

“The decision of cash withdrawal from the petrol pumps will definitely benefit people as they do not have to wait in queues,” said Amanpreet Singh, who runs a petrol pump in Sector 28 and is general secretary of Chandigarh Petroleum Dealers’ Association. “Since morning, around 50 people have visited our petrol pump to enquire about this facility as it was announced in the media today.”

(Inputs by Swati Mahajan)