- SBI is providing cash through cash@POS initiative for customer convenience
- Presently, bank is providing cash withdrawal through PoS without any charges to all bank customers
Mumbai -: To reach out and facilitate maximum number of people looking for convenient cash withdrawal, State Bank of India, country’s largest lender is also providing facilities of cash through ‘Cash@POS’ initiative. Debit card holders of SBI and all other banks can withdraw cash from PoS machines installed by SBI across various merchant locations. As per the RBI guidelines customer can withdraw Rs. 1000 in Tier I and Tier II cities whereas Rs. 2000 can be withdrawn in Tier 3 to Tier 6 cities per day per card. Presently, the bank will not be charging any fees
SBI 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.