Hyderabad: In an attempt to ease the cash crunch citizens are facing after withdrawal from circulation of Rs 500 and Rs 1,000 notes, withdrawals of cash will be permitted at several Points of Sales, including petrol bunks, from Friday.
The cash-back facility will be extended to recognised supermarkets and hospitals by Friday evening. Anyone having a debit or credit card can visit any petrol outlet, supermarket to withdraw money up to Rs 2,000 a day without providing any identity proof.
All petroleum companies have decided to launch currency exchange counters at some of their outlets from Friday.
2,500 cash-back units nationwide
Withdrawals of cash will be permitted at several Points of Sales (PoS), including petrol bunks, from Friday. Hyderabad district collector Rahul Bojja said, “On Friday, we will issue a list of PoS centres in the city, including private hospitals and business establishments. Bank customers can swipe their cards at the PoS centres for utilising cash-back from the traders.”
Representatives from the oil companies — HPCL, IOCL and Bharat Petroleum — had approached chairman of the State Bank of India, Arundhati Battacharya, and discussed the possibilities of cash withdrawal through POS machines provided by the bank.
The chairman agreed to supply sufficient cash. The special counters will operate from 2,500 outlets across the country. HPCL spokesperson Mr Naik said list of petrol outlets in Telangana and AP states was yet to be released. “We will inform the public on the cash-back facility from Friday morning. The oil firms will extend a similar service at over 20,000 outlets gradually,” he said.
