TIL Desk/Business/New Delhi-Nearly 700 petrol pumps across the country today started dispensing cash through debit card swipe in a bid to ease the cash crunch in the economy following the government’s decision to withdraw 1,000 and 500 rupee notes. The facility to provide Rs 2,000 per day per card will be extended to Rs 2,500 petrol pumps by this week end and will in due course be available at 20,000 outlets across the country.
The government had yesterday decided to allow up to Rs 2,000 per day per person to be dispensed against swiping of debit cards at select 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.
Petrol pumps have been accepting old and now-defunct currency notes of 500 and 1,000 denominations and the same will continue till November 24, 2016. There is no shortage of petroleum products at the petrol pumps and consumers can purchase them as per their needs, an official statement said.
