CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Hindustan Petroleum Corporation Limited is partnering with which bank to allow customers to use their ICICI Bank FASTag to pay for fuel and lubricants at HPCL retail outlets?
A
HDFC
B
ICICI
C
SBI
D
PNB
Explanation: 

Detailed explanation-1: -In a revolutionizing move for easy Digital payments, HPCL has enabled direct payment of Fuel, LPG and Lubes thru ICICI Bank FASTag at their Retail Outlets.

Detailed explanation-2: -Hindustan Petroleum Corporation Limited: Bank of Baroda is an Indian nationalized banking and financial services company.

Detailed explanation-3: -When you inform the attendant at the petrol pump, then he will scan the Fastag pasted on your vehicle. You will receive an OTP on your registered mobile number, once he scans your Fastag. You will have to tell this OTP to the attendant or have to insert it into the POS machine by yourself.

Detailed explanation-4: -ICICI Bank in association with Hindustan Petroleum has launched the ICICI Bank HPCL Coral Credit Card. The card lets you save up to 2.5% on fuel expenses and also rewards you with reward points on other eligible spends.

Detailed explanation-5: -ICICI Bank has collaborated with Amazon Pay for issuance of FASTag. Enabling a hassle-free commute across the country, ‘Amazon Pay ICICI FASTag’, can be ordered, tracked and even recharged conveniently, instantly, and in a digital manner. Now, millions of Amazon Pay customers can experience this service seamlessly.

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