No service charge on debit card usage, 82,000 ATMs re-calibrated so far: Shaktikanta Das

The government's decision to demonetise Rs 500 and Rs 1,000 notes, though welcomed by people across the country, has left many in the lurch and utter state of confusion.

By: Express Web Desk | New Delhi | Updated: November 23, 2016 4:39 pm
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As the nation reels under the effects of demonetisation, Economic Affairs Secretary Shaktikanta Das on Wednesday announced a slew of measures to reduce the hardships being faced by the masses across the country. Addressing the media in the national capital, Das stated that 82,000 ATMs have been re-calibrated so far, adding that the rest of them will be re-calibrated within coming few days.

Among other measures, no service charge on use of debit cards will be levied while Public banks and a few private banks will waive the charge, according to Das. “Public Sector Undertakings and some private sector banks have agreed to waive service charge on use of debit card till December 31,” said the Economic Affairs Secretary, adding that Railways will waive service charges on e-ticket booking till Dec 31.

With an aim to mitigate farmers’ distress due to the demonetisation move, the Economic Affairs Secretary announced that the National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 21,000 crore to the District Central Co-operative Banks (DCCBs). He further said that NABARD and Reserve Bank of India have been directed to ensure that there is adequate cash supply available to the DCCBs.

He also announced that all digital transactions through feature phones will not be levied service charges till December 31. Highlighting relaxation made on E-wallets, Das said RBI has enhanced the limit from Rs 10,000 to Rs 20,000 in respect of individuals.

The government’s decision to demonetise Rs 500 and Rs 1,000 notes, though welcomed by people across the country, has left many in the lurch and utter state of confusion.