Withdraw cash from shops by swiping ATM debit card at POS point of sale or card swipe machines

India is in queue these days due to scrapping of old Rs 500 and Rs 1000 notes but most of us do not know that we can withdraw cash from shops by swiping out ATM debit card at POS point of sale/card swipe machines. To my knowledge, currently this facility is offered by SBI POS for all major Banks including Axis Bank, HDFC Bank etc. in India along with State Bank Group Debit cards card holders.

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.

1. Sale
2. Cash only
3. Sale and Cash

The sale is the default option when the card is inserted into the machine and is used to pay against your purchase.

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.

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.

Related links
FAQ on cash at POS or Mini ATM

SBI transaction on 30-Nov-0019 for INTERNET BANKING, what is this for?

Recently I logged into my onlinesbi net banking of my SBI (State Bank of India) account. I was surprised to see that they have credited some money into my account for nothing.

The details of the suspicious transaction is
Date (Value Date): 30-Nov-0019 (30-Nov-0019)
Narration:
Ref. No.: INTERNET BANKING
Debit:
Credit: 630.00 Rs

Do you know what this is for??
At first instance I was happy to see that they credit my account because I use Internet banking, but I couldn't digest that why they would pay me. Then I tried to extract account statement, this transaction was not shown in the exported account statement.
I also checked with my other two friends, they also had the same transactions and some credit.

The year in the date 0019, is an ancient year (1990 years ago). Is this transaction for some online surety purpose?? I hope so.

Thankfully this transaction does not show any debit amount, otherwise it would have created panic amount SBI online users.

If you have not checked your SBI account, please check.

I really don't know, if any of you know about this, please discuss here.

Why SBI credited my account with some money on 30-11-0019? I am curious to know about it

SBI Card Paynet: Pay your SBICard bill online on time with netbanking

I never receive SBI credit card statement on time, But I use SBI bill pay to pay my credit card bill on time. If you do not have a SBI account and you have to pay by cheque, then may be you are at risk. Now GE SBIcard has come with a solution Paynet powered by bill desk, With this you can make your Sbicard bill payments online with no extra charges. Anytime-All you need is internet access. Anywhere- Log on from anywhere in the world. Hassle Free- Make payments online at your convenience.

The process is quite simple, you just need to remember your Credit card number and your payee bank login information with transaction password. No registration is needed.

Click here to go to the SBI payment page of billdesk

Steps for the payment

Step 1. Provide your SBI Credit card payment details

Your credit card number, Amount and Your bank.

Step 2. Confirm Payment at bank by entering your authentication details (Net Banking User ID and Password of your Bank Account, followed by transaction password if asked

Your money will get debited instantaneously.).

Step 3. Receive online confirmation with Transaction Reference Number for future reference.

At present the following banks are supported.

Allahabad Bank NetBanking, AXIS Bank NetBanking, Bank of Baroda, Bank of India NetBanking, Citibank, Corporation Bank NetBanking, City Union Bank NetBanking, Deutsche Bank NetBanking, HDFC Bank NetBanking, ICICI Bank NetBanking, IDBI NetBanking, Indusind Bank, Indian Overseas Bank, Jammu and Kashmir NetBanking, Karnataka Bank NetBanking, Karur Vysya Bank NetBanking, Oriental Bank of Commerce NetBanking, PNB NetBanking, PNB Corporate NetBanking, Kotak Mahindra Bank, Shamrao Vithal Co-operative Bank NetBanking, South Indian Bank NetBanking, Yes Bank NetBanking.