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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

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)

  • 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 Waives Charges on RTGS and NEFT Transactions

State Bank of India (SBI), the largest commercial bank in the country has waived RTGS and NEFT charges

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SBI, RTGS, NEFT
In a statement, the bank also announced waiver of charges on IMPS (immediate payment service) effective from August 1. Pixabay

Lending major State Bank of India on Friday said that it has waived charges on RTGS and NEFT transactions with effect from July 1.

In a statement, the bank also announced waiver of charges on IMPS (immediate payment service) effective from August 1.

“In order to provide an impetus to digital funds movement, State Bank of India (SBI), the largest commercial bank in the country has waived RTGS (Real Time Gross Settlement) and NEFT (National Electronics Funds Transfer System) charges for YONO (an integrated digital and lifestyle platform by SBI), internet banking (INB) and mobile banking (MB) customers from July 1, 2019,” it said.

SBI, RTGS, NEFT
Lending major State Bank of India (SBI) on Friday said that it has waived charges on RTGS and NEFT transactions with effect from July 1. Pixabay

The SBI used to charge between Rs 1-5 for transactions through NEFT, and Rs 5-50 for RTGS transactions before July 1.

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The Reserve Bank of India (RBI) decided not to impose charges on RTGS and NEFT transactions on banks from July and also urged the banks to pass on the benefit to the customers. (IANS)