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Banks ready to waive service charges on debit card use till Dec 31

DEA Secretary Shaktikanta Das also says New Rs 500 and 2,000 notes made available in 155,000 post offices

BS Web Team & PTI  |  New Delhi 

Economic Affairs Secretary Shaktikanta Das on Wednesday said some public-sector banks had agreed to waive off service charges on the use of debit cards till December 31.

Amid a cash crunch faced by Indians following the government’s decision to demonetise Rs 500 and Rs 1,000 notes, some private banks were also willing to forgo service charges on debit cards, Das added. To encourage the use of digital payment platforms among Indians, Das informed, all digital transactions through feature phones would not attract any service charges till December 31. “All government ...

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First Published: Wed, November 23 2016. 11:28 IST