Now one can withdraw cash up to Rs 2000 from Big Bazaar stores using debit card.
As per report, the State Bank of India has tied up with 260 stores of Big Bazaar and set up mini-ATMs to help customers withdraw cash while they shop.
This move comes at a time when demonetization of Rs 500 and Rs 1000 notes have slowed down consumer goods industry as cash has become a scarce commodity.
The move will come into effect from November 24 (Thursday). Kishore Biyani, the CEO of Future Group who owns Big Bazaar tweeted about it.
Last week, the government had permitted withdrawal of cash from petrol pumps through debit cards. However, it was only SBI, ICICI Bank, HDFC and Citi Bank that were part of the tie-up.
Meanwhile, the facility to withdraw cash at petrol pumps will continue even after November 24, when the deadline for using old Rs 500 and Rs 1,000 for making payment of essential services ends.
As per reports, so far only the State Bank of India has tied up with Big Bazaar.