Indian Overseas Bank charged a transaction fee of Rs. 43.24 on a transaction of Rs. 1,500/- through debit card at Merchant POS. This amounts to almost 3% of the transaction.
1. Are we still hopeful of encouraging Digital payments and if we have to spend extra money then after all why should we use the system
2. Is 3% transaction fee for transactions through debit cards a fair business or unfair business.
3. Are we aheading towards mafia type of business system.
4. What is the difference between swiping a debit card at ATM or at POS.
5. The silence of Reserve Bank of India on its own advise to the Banks in September 2013
Reserve Bank of India PMO India Indian Overseas Bank NDTV Aaj Tak Zee News Hindi ABP News News Nation The Times of India The Economic Times
1. Are we still hopeful of encouraging Digital payments and if we have to spend extra money then after all why should we use the system
2. Is 3% transaction fee for transactions through debit cards a fair business or unfair business.
3. Are we aheading towards mafia type of business system.
4. What is the difference between swiping a debit card at ATM or at POS.
5. The silence of Reserve Bank of India on its own advise to the Banks in September 2013
Reserve Bank of India PMO India Indian Overseas Bank NDTV Aaj Tak Zee News Hindi ABP News News Nation The Times of India The Economic Times
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