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Banks defer decision on charging transaction fee
A discussion with all stakeholders will be held in the next few days to establish a mechanism to compensate the dealers, banks have also said.
New Dehli, Jan 8: In a major relief, banks on Sunday evening deferred their decision to charge transaction fee of 1% on payments through cards at petrol pumps.
The decision comes in the wake of the All India Petroleum Dealers Association deciding to stop accepting payments through cards from midnight.
A discussion with all stakeholders will be held in the next few days to establish a mechanism to compensate the dealers, banks have also said.
OneIndia News
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Story first published: Sunday, January 8, 2017, 23:13 [IST]