kranthi vemulapatiHyderabad, India
Dec 27, 2016
Hi All, When I started this petition I had never imagined it would gain this much traction. I thank everyone for their contribution in ensuring that our collective voice is heard by the right people. Banking regulations are going through sweeping reforms at the moment and I hope end user convenience is given continued preference in all policy decisions our regulators take. I received this reply from the RBI and I am pasting it here verbatim. I hope it provides some modicum of relief to everyone affected. (Thanks and Regards- Kranthi Vemulapati) Pl refer to your mail dated 10.11.2016 on credit card usage fee. In this connection, it is advised that debit cards are distinct from credit card as a product.Further , it is advised that Reserve Bank of India has also rationalized the customer charges for IMPS, USSD & UPI based transactions as a special measure from 1.1.2017 to 31.3.2017 vide circular dpss.co.pd.No.1516/02.12.004/2016-17 dated Dec.16,2016 which is available on the website of RBI at following link: https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NOTI18519CBFE949D324B97B374AA4F94FDCA6A.PDF
Copy link
WhatsApp
Facebook
Nextdoor
Email
X