No service charge on debit card & smartphone transactions till Dec 31, says government
The government has stepped in to ease the demonetisation pain by incentivising e-payments. Today, Economics Affairs Secretary Shaktikanta Das announced a slew of measures to lessen cash purge blow on consumers. Here's what was announced
1) No service charges on use of debit cards till December 31.
2) For RUPAY cards all switching charges and other charges have been waived till December 31.
3) No service charge will be levied on digital financial transactions using smartphones till Dec 31.
4) New vehicles to come with Radio-Frequency Identification devices to ease e-payment of tolls at national highways.
5) Service charge of Railway online ticketing has been waived off till 31st Dec 2016.
6) All government organisations, have been advised to use only digital payment methods to make payment to their employees.
7) Banks told to ensure chain of activities related crop loan sanction & flow of funds etc to be done in smooth manner.
Das also stated that 82,000 ATMs have been re-calibrated so far. Further adding, that it is only a matter of few days by when all the ATMs will be re-calibrated.
1) No service charges on use of debit cards till December 31.
2) For RUPAY cards all switching charges and other charges have been waived till December 31.
3) No service charge will be levied on digital financial transactions using smartphones till Dec 31.
4) New vehicles to come with Radio-Frequency Identification devices to ease e-payment of tolls at national highways.
5) Service charge of Railway online ticketing has been waived off till 31st Dec 2016.
6) All government organisations, have been advised to use only digital payment methods to make payment to their employees.
7) Banks told to ensure chain of activities related crop loan sanction & flow of funds etc to be done in smooth manner.
Das also stated that 82,000 ATMs have been re-calibrated so far. Further adding, that it is only a matter of few days by when all the ATMs will be re-calibrated.
Source : The Economic Times
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