Now withdraw cash up to Rs 2,000 at petrol pumps from today

New Delhi : In order to ease the rush for new currency notes at bank branches and functional ATMs for a common man, the government has announced a new facility where one can reach to a nearby petrol pump to draw cash. Swipe your debit card at petrol stations run by state-run oil companies and you will get Rs 2,000.

However, the facility will initially be available at 2,500 petrol pumps across the country that have card swipe machines from State Bank of India. While over the next three days, the facility will be extended to 20,000 outlets that have card swipe machines from HDFC Bank, Citibank and ICICI Bank.

It may be mentioned here that the move suggested by the All India Petroleum Dealers Association. The plan to use petrol pumps to provide cash were discussed on Thursday at a meeting between senior executives of Indian Oil, Hindustan Petroleum and Bharat Petroleum and SBI chief Arundhati Bhattacharya.

The newly announced facility will continue even after November 24, the date till which old currency notes of Rs 500 and Rs 1,000 can be used to pay for essential services.