Latest GK GS

Updated By: LatestGKGS Desk

Petrol pumps to not charge any extra fee from debit credit card

 

 

Payment through Debit and Credit card accept at petrol pumps, no extra charge MDR to be charged till 13th January

The banks have announced to not charge any extra charges at the petrol pumps till 13th January.

The banks have earlier decided to charge extra charge on debit and credit transactions.

After banks decision, petrol pumps started to protest at the banks decision and did not accept debit or credit cards

The government has assured the merchants to not charge any merchant discount rate or MDR until 13th January.

The decision was taken after the petroleum Union has informed Arun Jaitley regarding petrol pumps decision to not accept debit and credit card.

After demonetisation, the banks have waived off MDR charge fat the petrol pumps till 50 days but soon after the demonetisation period the banks decided to levy charge and the protest at petrol pumps took place.


 

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