Nov 23, 2016
All public sector banks and some private lenders have agreed to waive transaction charges on debit cards, economic affairs secretary Shaktikanta Das saidProceed to the page: http://linkis.com/2V4Hr
All public sector banks and some private sector ones have agreed to waive the transaction cost for all payments made through debit cards, Economic Affairs Secretary Shaktikanta Das told reporters here.
Govt will also install new micro cash machines across the country and has asked banks to waive off transaction charges on debit and credit cards.
Banking major SBI had already waived MDR on RuPay debit cards last week, while ICICI Bank had waived it yesterday.
Promising swift action on the debit card data compromise issue, Economic Affairs Secretary Shaktikanta Das said there is no need to panic over the feared security breach that affected over 32 lakh cards.
The Economic Affairs Secretary stated that micro ATMs will be deployed in large number of areas to dispense cash against debit and credit cards.
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