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In the backdrop of ATMs running dry in some States, State Bank of India on Thursday said its own as well as other banks’ debit card holders can withdraw cash from PoS (point of sale) machines installed by it across various merchant locations.
SBI, in a statement, said it has a total of 6.08 lakh PoS machines of which 4.78 lakh PoS machines are enabled to dispense cash to the customers of SBI and the banks who have enabled this facility for their customers.
As per the RBI guidelines, customers can withdraw ₹1,000 in Tier I and Tier II cities whereas ₹2,000 can be withdrawn in Tier 3 to Tier 6 cities per day per card. The bank will not be charging a fee now.
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