SBI opens facility to dispense cash

With queues getting longer at banks and cash drying up fast at ATMs following demonetisation of Rs 500 and Rs.1000, SBI Regional office, Dimapur Region on Tuesday launched mobile point of sale (PoS) at Super Market, Dimapur. 

In a press note, SBI regional business office, asst. general manager, Thangboi Lunkim, said SBI customers having ATM cards were given cash of Rs.2000 in denomination of Rs.2000, Rs.100 and Rs.10. “This step is taken to make customer more convenient outside the premises of the branch,” said Lunkim. He said Cash@POS machine dispensed minimum Rs.100 and maximum of Rs.2000 per card per day, adding that total amount of Rs. 2 lakh was paid to around 200 customers.