Banks to lower charges on credit and debit cards
By Ankit Sharma
Jan 6, 2015
Print    Email    RSS   

The use of the plastic money is high on use these days. To promote the use of the plastic money (Transactions through credit/debit cards) the banks are seeking to lower the charges on debit and credit cards.

The reports have shown that there has been increase in the use of cashless transactions. The number of point-of-sale (POS) terminals has increased to 10.65 lakh across the country by end-March 2014 as compared to 3.2 lakh in 2007.

The merchants or stores pay a fee to the banks for using the point-of-sale machines. The banks will lower the charges they charge on credit and debit card use, so that customers will more preferably use these means to make transactions.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Now a test for Financial Skills!!!
Guide to get a an auto insurance claim...
Cobranded debit cards: How good are they?
Handle your credit card with care
Carnival of Indian Personal Finance Blogs #1

How to change PIN number of my credit card
what is my credit card statement
i forgot my ATM pin number i could i get it again
how to improve my CIBIL score???

91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive