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
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 . 64K 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 . 10K 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 . 9K views . 7 min read
True – Tr...
Recently posted . 8K views . 83 min read
More in National
The emergency landing of a Mumbai-London British Airways flight in Baku, the capital of Azerbaijan, led to ordeal for all passengers. And among the passengers was...
Recently posted. 883 views . 1 min read
Chief Minister V Narayanasamy said a massive drive would also be launched to create awareness among the merchants and the public on the necessity of the ban.
Recently posted. 776 views . 1 min read
Army Chief General Bipin Rawat has also defended Prime Minister's comments on the Balakot operation.
Recently posted. 775 views . 0 min read
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 2K views
Recently posted . 2K views
Recently posted . 4K views . 20 min read
Recently posted . 4K views . 57 min read
Infosys co-founder Nandan Nilekani and wife Rohini will donate 50 per cent of their wealth under Giving Pledge- a movement initiated by Microsoft founder Bill Gates...
Recently posted. 932 views . 1 min read
We do a comparative analysis of Ride-hailing services vs owning a personal car to find out if Millennials really prefer Ola, Uber over buying a car.
...
Recently posted. 710 views . 1 min read