1. Demonetisation: Govt offers more relief, vows better cash flow, not to levy charge on debit card till Dec 31

Demonetisation: Govt offers more relief, vows better cash flow, not to levy charge on debit card till Dec 31

In a fresh measure for the people of the country after the demonetisation of high-value notes of Rs 500 and Rs 1, 000, the government has said that there would be no charges on the use of debit cards till the end of this year.

By: | New Delhi | Updated: November 23, 2016 11:20 AM
das There has been an increase in demand for usage of digital financial transactions, says Shaktikanta Das. (ANI)

In a fresh measure for the people of the country after the demonetisation of high-value notes of Rs 500 and Rs 1, 000, the government has said that there would be no charges on the use of debit cards till the end of this year. Speaking to media persons today, the economic affairs secretary Shaktikanta Das said there would be no charges on the use of debit cards till December 31.

He also added that nearly 82,000 ATMs have been re-calibrated so far and it just a matter of time that all ATMs in the country are re-calibrated. He also said that no service charge will be levied on digital financial transactions using feature phones till the end of this year.

Pointing out on the surge of online banking in the country, the economic affairs secretary also said that the as per informations by the public sector banks, there has been an increase in demand for usage of digital financial transactions.

Stressing that the new notes of Rs 500 and Rs 2,000 have been made available in 1.55L post offices, he added that the governmnet has also decided on measures to help farmers across the country and said that NABARD has sanctioned Rs 21000 cr credit limit to district central cooperative banks to help farmers in Rabi season.

He also said that NABARD and the central bank have been advised to ensure adequate cash supply is available to the DCCBs.

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