Petrol pumps to continue to accept card payments till January 13
Monday, January 9, 2017 IST
Petrol pumps to continue to accept card payments till January 13
New Delhi: Petrol pumps have conceded their choice to not decision to not accept cards payments from Monday as banks have put off their choice to charge fuel retailers an exchange expense till January 13.
The All India Petroleum Dealers Association (AIPDA) said that a portion of the banks like HDFC educated the affiliation that they will charge 1% on all Mastercard exchanges and 0.25% to 1% on all platinum card exchanges from January 9.
Strikingly, banks in this way, have not switched the choice, but rather just conceded charging the expense known as the dealer rebate rate, after the administration's mediation on Sunday.
However, clients paid an exchange expense alongside an additional charge for purchasing fuel with charge or Mastercards before the note boycott, keeping in mind the end goal to advance cashless exchanges, the RBI had exempted clients from paying these charges at petrol pumps, bringing about banks bearing the weight.
Presently, the banks need to demand the charges again and pass on the weight to fuel retailers as the Reserve Bank of India (RBI) roundabout on December 16, 2016, does not say recouping these charges from clients.
Related Topics
Related News & Articles
The car, a black Skoda Superb, caught fire when driver went to washroom while his car was being refuelled.
Recently posted . 494 views . 1 min read
Petrol price: More relief followed on Friday after petrol prices were cut by 6-7 paise, even as the government is working out a solution with the Oil & Natura...
Recently posted . 504 views . 2 min read
State-owned oil firms, which have been since June last year revising auto fuel prices daily, raised petrol and diesel rates by 19 paisa per litre each in Delhi on...
Recently posted . 687 views . 1 min read
MUMBAI - India's leading digital payments firm Paytm wants to launch a messaging service before the current month's over to rival Facebook Inc's WhatsAp...
Recently posted . 760 views . 20 min read
India Post Payments Bank (IPPB) services are now available at 650 branches and 3,250 access points
Recently posted . 640 views . 1 min read
Trending News & Articles
While the Uttarakhand High Court has asked to block 857 websites, the Ministry of Electronics and IT (Meity) found 30 portals without any pornographic content.
...
Recently posted . 61K views . 1 min read
The four boys as well as five school officials, including the director and principal, were arrested after the incident. The minors were presented before the Juvenil...
Recently posted . 8K views . 1 min read
Rahul was having an Italian passport and was carrying suitcase full of dollars. Some say it was about was it $2 million.
Rahul and his girl friend was th...
Recently posted . 7K views . 7 min read
True – Tr...
Recently posted . 6K views . 83 min read
More in National
Who doesn't want to own a diamond or diamond jewellery? It's a desire of all and a dream for many. However, in coming years, cheaper diamonds are coming to ...
Recently posted. 539 views . 1 min read
Telecom secretary Aruna Sundararajan said the draft of the new telecom policy will be placed before the Telecom Commission -- the apex decision making body at the...
Recently posted. 735 views . 1 min read
New Delhi: Acclaimed lawyer Harish Salve, who assumed a pivotal role in India's victory at the International Court of Justice in Kulbhushan Jadhav death sentenc...
Recently posted. 1K views . 11 min read
Recently posted . 492 views
Recently posted . 923 views
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 1K views . 48 min read
Recently posted . 1K views . 126 min read
Indeed, even before Delhiites were compelled to invest hours queuing up for the ATM, acquiring money was an expensive recommendation. In 2014, the general populatio...
Recently posted. 537 views . 13 min read
The money order was sent on November 29 from the Niphad office of India Post. It was addressed to "Narendra Modi, Prime Minister of India".
...
Recently posted. 610 views . 1 min read