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686 petrol pumps had started dispensing cash by 4 p.m today against swiping of debit cards

News and Press Release - Dated:- 18-11-2016 - Cash dispensing facility had become operational at 686 retail outlets by 4 p.m today, of which 350 belonged to IOCL, 266 to BPCL and 70 to HPCL. The Public Sector Oil Companies namely Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited, in association with State Bank of India, have come forward to ease out some of the challenges being faced by the common public regarding availability of cur .....

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t or credit card transactions. It has been decided to start this facility at around 2500 petrol pumps spread across the country including rural areas, where SBI POS machines are provided. The Oil Industry is also in further discussions with SBI and other Banks to extend this facility to over 20,000 petrol pumps gradually. This facility will be available even after November 24, 2016. It may be noted that petrol pumps have been accepting currency notes of ₹ 500 and ₹ 1000 denominations .....

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