UffTeriAda Logo

No service charge on debit card transactions till Dec 31: Shaktikanta Das

No service charge on debit card transactions 

Shaktikanta Das said No service charge on debit card transactions till Dec 31

  • Economic Affairs Secretary Shaktikanta Das briefed the media on Wednesday over the demonetisation issue
  • And said that 82,000 ATMs have been re-calibrated so far and in a matter of a few days all the ATMs will be re-calibrated.
  • Addressing the demonetisation issue, Das made other important announcements and said: “For benefit of agricultural operations in current rabi season, NABARD has sanctioned a credit limit of Rs 23,000 cr to DCCBs.”
  • He said that NABARD and RBI has been advised to ensure adequate cash supply is available to the DCCBs.
  • Those using debit cards will not have to pay service charges.
  • All public banks and a few private banks will waive off service charges levied on the use of debit cards till December 31.
READ  Note exchange for other bank customers Stopped from tomorrow

No service charge on debit card transactions

Here are some other important announcements he made:

  • Indian railways has waived off service charges on e-tickets booked till December 31.
  • No service charge will be levied on digital financial transactions using feature phones till Dec 31st.
  • RBI announced certain relaxation on Tuesday on E-wallets, enhancing the limit from Rs 10k to Rs 20K in respect of individuals.
  • As far as RUPAY cards are concerned, all switching charges and other charges have been waived till December 31.
  • The TRAI also reduced USSD charges from Rs. 1.50 to 50 paise for feature phones (not smartphones) – as feature phones comprise over 65% of all phones.
READ  Govt stops Exchange of 500 and 1000 : Where you can use 500 note

 

THANKS FOR READING !!

DOWNLOAD UFFTERIADA APP FROM PLAY STORE

FOR LATEST VIRAL NEWS

Tags : Demonetization,Note Ban,Debit card charge,debit card service charge,Debit Card Transaction charge,No Debit card charge,Shaktikanta Das,Note ban latest news


Leave a Reply