No service charge on use of Debit cards for digital transactions till December 31

Mangalore Today News Network

New Delhi, Nov 23, 2016:  Economic Affairs Secretary Shaktikanta Das is addressing a media as the government is battling the opposition’s criticism on its sudden move to ban the big currency notes to check black or untaxed money.

 

Here are the highlights of his speech

Government has decided on certain measures keeping in mind the farmers and also promoting digital transactions across the country.
   
For benefit of farmers, NABARD (National Bank for Agriculture And Rural Development) has sanctioned 21,000 crores to rural areas.
   
This will enable district cooperative banks to pass the money to primary agri societies. This will help farmers for current Rabi season.
   
To ensure that farmers get credit, the banks, NABARD, and RBI will make cash available to districts.
   
The list of DCCB’s have been given to the RBI and the required money will be made available.
   
To ensure that farmers get credit, the banks, NABARD, and RBI will make cash available to districts.
   
The list of DCCB’s have been given to the RBI and the required money will be made available.
   
As far as RUPAY cards are concerned, all switching charges and other charges have been waived till December 31.
   
The service providers have also agreed to waive all switching charges on all debit cards till December 31.