Solution:Recently SBI allowed withdrawal of up to 1000 from any shop/trader with a point-of-sale (POS) terminal. POS is a critical piece of a point of purchase, refers to the place where a customer executes the payment for goods or services and where sales taxes may become payable.
According to RBI current norms, the limit on cash withdrawal through debit cards at POS devices is up to 1,000 per day in Tier-I and II centres and 2,000 per day in Tier-III to VI centres.