IOC ( Indian Oil Corporation) announced new policy on e-cash. After Demonetization e-wallet are in great use which is a good provision towards black money , IOC announced discount of 0.75% will be provided on diesel and petrol purchase made using digital payment.
“The amount of discount will be credited to customer's bank account by way of cash back within minimum three working days of transaction,” IOC said.
This policy will be initiated from Tuesday, last week government also announced discount on railway tickets and highway toll charges.
Demonetisation row: RBI increases the E-wallet limit to Rs. 20,000
Now e-wallets become more useful then before, helps in booking railway tickets online
