Ola Mobile ATMs: Now you can withdraw cash from Select Ola Cabs in your city

Ola has joined hands with PND and SBI in Kolkata and Hyderabad respectively to provide the cash withdrawal facility

By Rohit

In a bid to ease cash crunch and help citizens withdraw cash, ride sharing app Ola has joined hands with State Bank of Patiala and Punjab National Bank to open mobile ATMs. The partnership between the banks and the ride-sharing app will offer select Ola cabs the ability to help people withdraw cash by swiping their debit cards.

Now withdraw cash at Ola cabs in your city


Under the scheme, selected Ola cabs with POS machines will be parked at specified busy points in different cities. Banks will provide on-ground executives to enable people withdraw the cash. A person can withdraw an amount of Rs. 2,000 per card.

SEE ALSO: Demonetization Effect: You Can Now Bank Transfer Up to Rs. 50,000 Using Paytm, Freecharge, MobiKwik

Now withdraw cash at Ola cabs in your city

Ola Chief Operating Officer Pranay Jivrajka informed PTI that the initial response has been tremendous and the company was exploring with banks to expand this service to other cities with cash being dispensed on the go rather than current experiment of cars being parked at a particular busy point.

Now withdraw cash at Ola cabs in your city


Ola has partnered with Punjab National Bank (PNB) in Kolkata, and with SBI and Andhra Bank in Hyderabad.

In Kolkata, the week-long activity will continue till end of the month. The POS enabled Ola cabs will visit areas like Chandni Chowk Metro Station, Esplanade Metro, Barabazaar, Salt Lake, Exide and Rashbehari.

Cars carrying POS machine will offer the service in popular areas like KBR Park, JNTU, Inorbit Mall over the weekend in Hyderabad.

SEE ALSO: Oppo Find 9: Find out Everything about the Rumored Oppo Flagship Smartphone

Now withdraw cash at Ola cabs in your city

Ola is also looking at flagging off the programme in other key cities, including Delhi.

Following the government's move to scrap old Rs. 500 and Rs. 1,000 notes the banks and ATMs are not being able to cope up with the demonetization effect. To ease up the demonetization effects, petrol pumps, retail bodies like Big Bazaar and services such as Paytm and now Ola has been provided with cash dispensing facilities. Recently, POS machines was introduced at around 3,700 petrol pumps to help citizens withdraw the cash.

Now withdraw cash at Ola cabs in your city

Ola, which also has a mobile wallet service, claimed it has seen 1500 per cent growth in recharge of 'Ola Money'. As per Ola, the number of trips paid in cash has certainly gone down. More people are now paying using digital platforms like Ola Money and credit/debit cards.

Today, Maharashtra CM has asked bankers to help realise Prime Minister Narendra Modi's appeal for a cashless economy.

SEE ALSO: HTC Desire 10 Pro First Impressions: Is it the Best Mid-Range Android Smartphone?

Now withdraw cash at Ola cabs in your city

However, we believe the process will take time and there is a dire need to set up more mobile ATMs facilities across the country to help citizens withdraw cash.

Let us know what you think about Demonetization and India as a cashless economy in comments.

Most Read Articles
Best Mobiles in India

Read More About: ola ban demonetization news Mobile atm

Best Phones

Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Yes No
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more