Indian Oil Corporation [IOC] — Swiping machine mandatory

Hi Team,

As per my knowledge IOCL has icici swiping machine mandatory for all dealers in Rewa, M.P. I am not sure about other districts.

This is complain why dealers are being forced to chose a bank swiping machine, many are using other banks machine with zero maintenance charge and zero maintainance fees. But as per agreement, Icici is charging 499 repair fee minimum or actual cost whichever is higher. Why are be obliged to that when we have repot with other banks.

Secondly, they are asking us to provide NACH form of INR 40, 000/- why should we do that. Why is company imposing us.

If dealer complain or ask question to them they unnecessary penalise them. After investing more than INR 2CR/- cant we have authority to chose our bank
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    Indian Oil Corporation [IOC] Phone
    +91 99 1155 4411
    +91 98 4882 4365
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    SCOPE Complex, Core-2 7, Institutional Area, Lodhi Road, New Delhi, Delhi, India - 110003
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