Relief from cash crunch: Get Rs 2,000 in cash by swiping cards at petrol pumps


petrol-pump-kurnoolTo provide relief to people frustrated by the serpentine queues at banks and ATMs, a new facility has come under which a person could get Rs 2,000 by swiping his/her debit card at petrol stations.

Initially, the government said this facility, which will start from November 18 and continue after November 24,  will be available at around 2,500 petrol stations, which have SBI card machines and will steadily extend to 20,000 petrol stations, taking HDFC Bank, Citibank and ICICI Bank debit cards, shortly.

The move has been suggested by All India Petroleum Dealers’ Association. At the same time, there are fears of a rush building up at petrol stations.

The details of the plan were worked out on November 17 at a meeting between representatives of Indian Oil, Hindustan Petroleum and Bharat Petroleum and SBI chief Arundhati Bhattacharya.

The oil firms have informed the government that despite rush, there is no shortage of petroleum products and consumers can purchase them as per needs.

The companies also plan to launch an awareness campaign for consumers to help them shift to cashless transactions.

Meanwhile, Union Finance Minister Arun Jaitley has dismissed the demand of AAP and TMC to rollback the demonetisation move.

There is no question of a withdrawal. It is Prime Minister Narendra Modi’s decision to cleanse political system, he said.

Delhi CM Arvind Kejriwal and West Bengal CM Mamata Banerjee organised a protest in front of RBI office in New Delhi to oppose the government’s decision.