Debit card transaction worth Rs 1000 to draw 0.25 per cent service charge
New Delhi: As per new development, service charge of 0.25 percent will be levied on transaction via debit card worth Rs 1000.
In order to give a push to Narendra Modi’s digital drive, it was decided that no service charge will be levied on digital financial transactions using feature phones till December 31.
But as per new update, service charge will be applicable even on debit cards for transaction worth Rs 1000 and more.
For debit card transactions worth Rs 1000, service charge of 0.25 per cent will be applicable while for credit cards transactions, the service charges remain the same.
For debit card transactions worth Rs 2000, 0.5 per cent service charge will be applicable while for transactions of Rs 1000 on credit card, one will have to pay Rs 25 as service charge.