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Demonetisation: People visit Outlets of Supermarket Chain Big Bazaar to Withdraw Cash in India

Customers at the Big Bazaar said they were relieved to find such innovative way of cash withdrawal

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Big Bazar. Wikimedia
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New Delhi, November 24, 2016 : People visited the outlets of supermarket chain Big Bazaar on Thursday to withdraw cash. They said it was quite convenient than standing in queues outside bank offices and at ATM kiosks for hours.

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Thursday was the first day of cash withdrawal facility from Big Bazaar after such a provision was announced on Wednesday by the Future Retail firm at its 258 Big Bazaar and FBB stores in over 115 cities and towns across the country.

[bctt tweet=”SBI helped Big Bazaar activate this facility through the bank’s cash at point of sale (POS) machines.” username=””]

The State Bank of India (SBI) helped Big Bazaar activate this facility through the bank’s cash at point of sale (POS) machines.

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“We have two dedicated card swiping machines for cash withdrawal. Only one transaction is allowed per person and we are giving only Rs 2,000 per transaction. There was rush in the morning but it thinned out in the afternoon,” said a staff member.

Customers at the Big Bazaar said they were relieved to find such innovative way of cash withdrawal.

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“I had refrained from going to ATMs and banks so far due to the rush and long queues there. I could withdraw cash here very easily today. This service should be extended at all such kind of stores,” said Sandeep Kaushik, who visited a Big Bazaar outlet on Thursday.

Some, however, faced inconvenience after debit cards of certain banks like HDFC, ICICI, Punjab National Bank were not accepted by the system. (IANS)

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  • Surya

    well done after 30 december give cashback upto 2000 only those who swipe
    debit card to make purchase and also additionally want cash back

Next Story

SBI Launched MOPAD For Digital Convenience Of Customers And Merchants

MOPAD allows the customer to make payments through "Cards, Bharat QR, UPI and SBI Buddy (e-wallet)" on a single PoS (Point of Sale) terminal.

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"This is another initiative by the bank towards less-cash economy, which will empower merchants and customers to opt for more digital transactions.". Flickr

Lending major State Bank of India (SBI) on Wednesday launched a Multi Option Payment Acceptance Device for digital convenience of customers and merchants.

According to the lending major, MOPAD allows the customer to make payments through “Cards, Bharat QR, UPI and SBI Buddy (e-wallet)” on a single PoS (Point of Sale) terminal.

“MOPAD will help merchants to integrate different kinds of transaction through one PoS machine which will help in eliminating their operational inconvenience and streamline cash flow,” SBI Chairman Rajnish Kumar was quoted as saying in a statement.

As per the statement, the new initiative will roll-out on all PoS terminals in a phased manner. Flickr
As per the statement, the new initiative will roll-out on all PoS terminals in a phased manner. Flickr

“This is another initiative by the bank towards less-cash economy, which will empower merchants and customers to opt for more digital transactions.”

Also Read: SBI reduces lending rates on home and vehicle loans

As per the statement, the new initiative will roll-out on all PoS terminals in a phased manner.

Currently, SBI has deployed 6.23 lakh PoS terminals. (IANS)