In the wake of cash crunch, Centre on Thursday allowed dispensing of cash up to Rs 2000 through debit card swipe at petrol pumps run by state-run oil companies.
The facility will be initially available at 2,500 petrol pumps across the country that has SBI card swipe machines.
“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.
The move, initially suggested by the All India Petroleum Dealers Association, will be extended to 20,000 outlets that have card swipe machines from HDFC bank, CITI bank and ICICI bank, Economic Times reported.
The facility to dispense cash from petrol pump will continue even after November 24. The withdrawal limit will be restricted to Rs 2000 a day.
2500 Petrol pumps run by the Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited and the Hindustan Petroleum Corporation Limited where SBI card swipe machines are available will have the facility from Friday.
The government also requested customers to use cashless transaction-mobile wallets, debit/ credit card- for fuel purchase.