Government allows petrol pumps to dispense cash upto Rs 2000
New Delhi: In a bid to lower the cash crunch, the government has allowed to withdraw Rs 2000 at select petrol pumps through swiping your debit cards. The debit cards could be swiped at petrol stations run by oil company's and this facility will initially available at 2500 pumps across the country that have swipe machines from state banks of India (SBI).
The move is a part of centre's effort to ease the rush for the new currency notes at bank branches and functional ATMs. It was suggested by All India Petroleum Dealers Associations (AIPDA).
AIPDA president Ajay Bansal said, " We are very happy that the government has accepted our proposal. We wrote to the Prime Minister on November 14 to apprise him of the situation at petrol pumps and our willingness to help mitigate people's cash woes. We have never shied away from serving any national cause. We are happy to assist the government in its fight against black money and terror funding".
What else Bansal said:
- The move would help restore order at petrol pumps and avoid heated arguments with customers.
- Our pump attendants are as good as, if not better than, bank tellers when it comes to handling cash. In banks they have to make several entries.At petrol pumps, we will swipe and once the transaction is cleared, hand over the money .So it will be quicker and people can come to get cash even after work.