Cash against debit swiipe takes at 700 petrol pumps

Nearly 700 petrol pumps across the country started dispensing cash through debit card swipe yesterday for the convenience of the people. The government had yesterday decided to allow up to 2,000 per day per person to be dispensed against swiping of debit cards at selected petrol pumps where POS machines of SBI are already available. 

POS machines are the machines



which are generally used for debit or credit card transactions. It was decided to start this facility at around 2,500 petrol pumps spread across the country including rural areas, where SBI POS machines are provided. An official release said, the Oil Industry is in further discussions with SBI and other Banks to extend this facility to over 20,000 petrol pumps gradually.