Petrol pumps to accept card payment till Friday
The All India Petroleum Dealers Association (AIPDA) on Monday decided to revise its earlier decision closing down cashless payments after consulting the Petroleum Ministry, as banks deferred charging transaction fee up to one per cent on card payments. On Sunday, the association had announced that it would not accept payments through credit and debit cards from Monday in protest against the additional charge levied on such transactions.
"Late on Sunday, banks communicated to us they will not levy the transaction fee on card payments till January 13th. Accordingly, we have decided to continue accepting payments through cards till Friday," said a statement from AIPDA adding, "We kept a close watch. Eventually, the Ministry requested us to defer the decision till January 13."
In a letter to Finance Minister Arun Jaitley, AIPDA President Ajay Bansal said HDFC and other banks would start charging one per cent on all credit card transactions and between 0.25 and 1 per cent on all debit card transactions fromMonday. The same will be debited to petroleum dealers' account and net transaction value will be credited to our account which will lead to financial losses for the dealers.
Meanwhile, Jaitley on Monday said the Centre was discussing with all the stakeholders about the issue of levying transaction fee for payments through cards for selling and purchasing fuel.
(Image - Deccan Chronicle)
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