State Bank of India (SBI) has helped Big Bazaar to activate this facility through the bank's cash at POS (point of sale) machines.
Big Bazaar has come to the rescue of the people who are standing in long queues outside ATMs in the wake of demonetisation. The retail major on Tuesday announced the facility to withdraw upto Rs 2,000 from its stores. State Bank of India (SBI) has helped Big Bazaar to activate this facility through the bank’s cash at POS (point of sale) machines. So, if you are going to Big Bazaar to dispense cash, you need to visit the dedicated cash counter at the store. After that you are supposed to swipe your Debit/ATM card and enter your PIN. After entering the PIN you can withdraw up to Rs 2,000 from your accounts.
You should also keep in mind that the cash withdrawal facility will be subject to all applicable restrictions imposed by banks, as per RBI and government notifications from time to time. This facility is presently available at 258 Big Bazaar and FBB stores in over 115 cities and towns across the country. The issuance will start from 24th November 2016. Yesterday, CEO Kishore Biyani, in a tweet, said: “Now one can withdraw 2000rs from Big Bazaar using your debit card from this Thursday onwards.” A customer will need to swipe his card at cash counter of the store, and in turn, he can take away upto Rs 2,000.
“We are trying hard to ease any difficulties faced by customers due to the demonetisation of some currency notes and support the government’s initiative in meeting its objective,” Kishore Biyani, chairman, Future Retail, said. “Now with customers being able to withdraw cash at Big Bazaar stores, they are welcome to visit our stores instead of qeueing up at banks and ATMs.” The government recently allowed the withdrawal of cash of up to a limit of Rs 2,000 by swiping debit cards at select petrol pumps using point-of-sale transactions (POS) machines.
Now one can withdraw 2000rs from bigbazaar using your debit card from this Thursday onwards pic.twitter.com/UH3BjLZbra
— Kishore Biyani (@kishore_biyani) November 22, 2016
This is not the first time Big Bazaar has come out with such a different idea. The day demonetisation was announced by Prime Minister Narendra Modi, Big Bazaar had declared that it will continue to accept old notes of Rs 500 and Rs 1,000 till midnight November 8.