This facility is also called mini ATM/Cash@POS and chhota ATM in hindi. POS (point of sale) is nothing but the card swipe machine at the shops where they swipe their cards.
Let us see how does it work. The SBI swipe machines having this facility will have three options.
- Cash only
- Sale and Cash
If you want only cash from the shop then ask for cash only option.
If you want to pay against your purchase and also want cash then ask for sale and cash option. The shopkeeper has to enter both amounts separately. After successful transaction, the shopkeeper will hand over the cash to you along with the items you purchased. Please see the example below.
This will keep the money rolling and help to take away queues from the ATM. Please share this among your friends to help other to circulate the cash.
FAQ on cash at POS or Mini ATM