A good news for everyone, now you will be able to dispense cash from the petrol pumps across the country by using your debit card or credit card.
Major oil companies of India namely Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited has come to the rescue of people of India by providing cash dispensing facility with a maximum limit of Rs. 2000 per person per day with the help of their debit or credit cards.
Currently, the facility is only available at 2500 petrol pumps using the POS machine of SBI banks against swiping the debit and credit card. The facility will soon be extended to 20,000 more petrol pumps across the country.
After the announcement by Prime Minister Modi on ban of currency notes of Rs. 500 and Rs. 1000 to curb black money in India, the whole country went into a critically low cash mode. People are seen standing in long queues outside bank to get cash and in this time of major cash crunch due to demonetization, oil companies have come as a savior for the people of the country.
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