Surcharge on payments made through debit and credit cards, or over
internet, for public services may soon be a thing of the past, according
to a new decision taken by the NDA Govt led by Narendra Modi government on Wednesday February 24,2016
"The move aims at reducing cash transactions," the government said in a press release.
Other measures to promote digital (cashless) transactions include lowering of Merchant Discount Rate (MDR) on card transactions, mandating payments beyond a prescribed threshold only in card/digital mode, promotion of mobile banking and quick resolution of fraudulent transactions
"Several short term (to be implemented within one year) and medium term measures (to be implemented within two years) have been approved for implementation by the government ministries/departments/organisations," the government said.
"The move aims at reducing cash transactions," the government said in a press release.
Other measures to promote digital (cashless) transactions include lowering of Merchant Discount Rate (MDR) on card transactions, mandating payments beyond a prescribed threshold only in card/digital mode, promotion of mobile banking and quick resolution of fraudulent transactions
"Several short term (to be implemented within one year) and medium term measures (to be implemented within two years) have been approved for implementation by the government ministries/departments/organisations," the government said.
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