Customers of State Bank can now withdraw petty cash from shops
By Vaibhav Aggarwal
Nov 14, 2013
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Next time, when you need some fast negligible money, just stroll into any of the shops that acknowledge charge card installments. If you are a client of State Bank of india or its copartner banks, you can utilize the machine to withdraw money up to Rs 1,000 from your reserve funds account utilizing your card or Visa.

In accordance with the recommendation of the RBIs to permit money withdrawals through prepaid cards issued by banks from purpose of terminals for withdrawals, India's most amazing loan specialist has concocted the Cash @pos office the nation over from a week ago that lets shipper shops go about as ATM counters.

The clients benefit as they are able to take out daily from their debit card anywhere between Rs. 100 to Rs. 1000 can be withdrawn from any point of sale due to the cash @POS facility.

Dealers will be paid a motivator of Rs 5 for each successful transaction on top of the money paid to client

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