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The Union Cabinet on Wednesday approved reimbursement of Rs 1,300 crore on digital transactions using UPI and Rupay debit cards, Electronics and IT Minister Ashwini Vaishnaw said. The minister said that the government will reimburse transaction charges levied on digital payments made to merchants, as part of the merchant discount rate (MDR). "In the coming one year...the
The bank further said that the Central Board of Direct Taxes (CBDT) advised banks to refund charges collected on or after January 1, 2020
The bank further said that the Central Board of Direct Taxes (CBDT) advised banks to refund charges collected on or after January 1, 2020
The bank further said that the Central Board of Direct Taxes (CBDT) advised banks to refund charges collected on or after January 1, 2020
SBI said it has made all digital transactions free to its financial inclusion customers with effect from January 1, 2020. Further, up to four cash withdrawals in a month are free.