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No transaction charge on debit card

Webdesk:-To encourage widespread use of digital payments post demonetisation, the government on Wednesday said no transaction charge would be levied on debit cards till December 31.

All public sector banks and some private sector ones have agreed to waive the transaction cost for all payments made through debit cards.“Public sector banks and some of the private sector banks, and some of the service providers who provide switching services, have agreed to waive the service charges on the use of debit cards up to December 31, 2016,” Mr. Das said.

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