Now cash withdrawals at petrol pumps too

Yes, now you can withdraw cash from petrol pumps, starting from November 18. This comes in following Dharmendra Pradhan-led ministry of petroleum and natural gas’s proposal asking it to distribute smaller denomination notes to retail outlets or to start cash dispensation centers at the petrol pumps.
After the announcement by Prime Minister Narendra Modi that Rs 1,000 and Rs 500 currency notes would be demonetized, sales at fuel retail outlets have increased by 15-40%, as the government had allowed these outlets to accept the old currency notes. This move will prove to be a major relief for the cash crunched common man.
The oil marketing companies have tied up with State Bank Of India after the officials of the state-run Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd. had a meeting with the chairman of SBI Shri Arundhati Bhattacharya on 17 November.
The cash can be dispensed through the POS machines of SBI which are already available at around 2500 fuel retail outlets in the country. The only twist in the story is that only Rs. 2000 can be dispensed per day per card.
The oil industry is in further discussions with SBI and other banks to extend this facility to over 20,000 petrol pumps gradually. They will continue to accept the 500 and 1000 note denomination till November 24.
The state-run Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd. and Hindustan Petroleum Corporation Ltd have about 52,604 outlets out of the total 56,190 fuel retail outlets in the country.

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