Demonetization: 2500 petrol pumps to dispense cash up to Rs 2,000

In a bid to ease cash crunch, the government on Thursday allowed dispensing cash of up to Rs 2,000 through debit card swipe at select petrol pumps. The facility will be available at 2,500 petrol pumps.

"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 Point of Sale (POS) machines of State Bank of India are already available," an official said.

Public Sec Oil Companies like IOCL, BPCL & HPCL in association with SBI today decided that Rs2000 cash per day can be dispensed...(Contd)

— ANI (@ANI_news) November 17, 2016

...against swiping of debit card from select petrol pumps where POS machines of SBI are already available

— ANI (@ANI_news) November 17, 2016

POS machines are the machines which are generally used for debit or credit card transactions. This facility is to be extended to 20,000 petrol pumps where Rs 2,000 per person per day can be dispensed.

Govt: Cash to be dispensed at 2500 petrol pumps; Cash to be given by swiping of debit/credit card via POS machine pic.twitter.com/Rw5ccwK9K0

— Doordarshan News (@DDNewsLive) November 17, 2016

Rs. 2000 per person per day in cash can be dispensed.Facility to be extended to over 20,000 petrol pumps

— Doordarshan News (@DDNewsLive) November 17, 2016