To put a pause to the money woes the country is facing and give the shoppers a relief, Big Bazaar has come up with an initiative and tied up with State Bank of India and installed mini ATM’s in their outlets. This facility will be available in 258 Big Bazaar and fashion Big bazaar stores in 115 cities and towns across the country. Starting from November 24 customers will be able to withdraw an amount of Rs.2000 per day from these outlets.
Now one can withdraw 2000 rs from big bazaar using your debit card from this Thursday on wards pic.twitter.com/UH3BjLZbra
— Kishore Biyani (@kishore_biyani) 22 November 2016
Kishore Biyani, the Chief executive officer of Future Group, said that “We are trying hard to ease any difficulties faced by customers due to the demonetization of Rs. 500 and Rs. 1,000 currency notes and support the government’s initiative in meeting its objective. Now with customers being able to withdraw cash at Big Bazaar stores, they are welcome to visit our stores instead of queuing up at banks and ATMs.”
Cash being dispensed at bigbazaar is the money received from sales of customers being circulated back to customers, no withdrawal from bank
— Kishore Biyani (@kishore_biyani) 23 November 2016
He also added that the cash for the exercise is acquired from customer sales. The money paid by those who pay in cash is given back to customers who to want to withdraw from these POS at the outlets.
For this, the individual has to go to the check out counter, swipe his card and withdraw an amount of 2000 Rs., from their account. This Offer is not limited to SBI users only. All the individuals with a debit card of any authorized bank can swipe and withdraw cash. The cash withdrawal option is applicable to rules and regulations of Reserve Bank Of India– these are subject to change from time to time based on the Government notifications.
