Govt Leans On Rbi To Get Banks To Waive Card Fees

Govt Leans On Rbi To Get Banks To Waive Card Fees


Center Wants To Push Plastic / RBI Bats For Fin Inclusion
The government has asked the Reserve Bank of India (RBI) to nudge banks to cut merchant on debit cards is a "temporary measure" to ensure greater use of plastic money even as authorities focus on improving cash supplies.

We have requested the RBI to urge banks to do this as a temporary measure. It is not going to be a permanent feature. The RBI will look into this and take necessary action, "said a senior government official, who did not wish to de identified.