Friday, August 14, 2009

WITHDRAW CASH AT SHOPS

The Reserve Bank of India (RBI) has allowed withdrawal of cash from point-of-sale (PoS) terminals, where customers swipe their credit or debit cards to pay for purchases. Noting that use of debit cards has been steadily increasing, withdrawal of cash up to Rs. 1,000 per day through debit cards issued in India has been permitted.

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