Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
»
1-min read

To Ease Cash Crunch, SBI Allows Withdrawal of Rs 2,000 From PoS Machines

SBI has a total of 6.08 lakh PoS machines of which 4.78 lakh are enabled to dispense cash to the customers of SBI as well as other banks which offer this facility.

News18.com

Updated:April 19, 2018, 4:56 PM IST
facebookTwitterskypewhatsapp
To Ease Cash Crunch, SBI Allows Withdrawal of Rs 2,000 From PoS Machines
Image for representation. (Reuters)
Loading...

New Delhi: The State Bank of India on Thursday said people in smaller towns can withdraw up to Rs 2,000 a day from its PoS machines at retail outlets free of charges, a move aimed at easing cash crunch in some parts of the country.

As per the RBI guidelines, the withdrawal limit from PoS machines at retail outlets in Tier 1 and 2 cities per card per day is Rs 1,000 and Rs 2,000 for smaller towns. "For withdrawals up to Rs 2000, @TheOfficialSBI has cash@POS facility @ 4.78 lac POS machines.”

"Customer can use SBI & any other bank debit card to withdraw cash up to Rs 1,000 in Tier 3 to 6 & up to Rs 1,000 in Tier 1 & 2 cities per card per day presently without any charges," said Neeraj Vyas, DMD (chief operating officer) of SBI in a tweet.

SBI has a total of 6.08 lakh PoS machines of which 4.78 lakh are enabled to dispense cash to the customers of SBI as well as other banks which offer this facility. There have been reports of ATMs running dry from Andhra Pradesh, Telengana, Karnataka, Madhya Pradesh, Uttar Pradesh and Bihar.

While talking to reporters here this morning, SBI Chairman Rajnish Kumar said the problem of cash crunch being faced in some states will be resolved by tomorrow as currency is being transported to areas which are facing the shortage.

"It is not a uniform cash crunch problem. It is there in geographies like Telangana and Bihar. We are hoping that the problem will be resolved by tomorrow because cash is in transition and it is reaching these states by today evening," Kumar said.

| Edited by: Aakarshuk Sarna
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Indiabulls Hsg 599.75 7.97
Yes Bank 114.55 11.00
UPL 870.25 -8.42
IndusInd Bank 1,435.60 3.93
ICICI Bank 433.40 3.24
Company Price Change %Gain
Yes Bank 114.55 10.94
Indiabulls Hsg 599.95 8.02
Maruti Suzuki 6,637.20 3.17
Jet Airways 64.00 93.35
Shriram Trans 1,094.55 3.10
Top Gainers
Company Price Change %Gain
Yes Bank 114.55 11.00
Indiabulls Hsg 599.75 7.97
Sun Pharma 390.50 4.08
IndusInd Bank 1,435.60 3.93
Larsen 1,557.10 3.45
Company Price Change %Gain
Yes Bank 114.55 10.94
Sun Pharma 390.60 4.01
IndusInd Bank 1,435.50 3.80
Larsen 1,556.15 3.36
ICICI Bank 433.35 3.20
Top Losers
Company Price Change %Gain
UPL 870.25 -8.42
Wipro 286.95 -2.41
Adani Ports 401.20 -1.59
Britannia 2,834.05 -1.45
Tech Mahindra 725.55 -1.37
Company Price Change %Gain
HUL 1,806.85 -0.26
HDFC Bank 2,425.50 -0.16
ITC 277.15 -0.07
NTPC 134.55 -0.04

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results