Banks defer decision on card payment fee till Friday

Banks defer decision on card payment fee till Friday

Banks on Sunday night deferred their decision to charge 1% transaction fee on card payments, following which petroleum dealers withdrew their threat not to accept payments through credit and debit cards.

The dealers deferred their threat till Friday.

Earlier in the day, the Petroleum Dealers Association had given a call to stop taking payments from ICICI, HDFC and Axis Banks in the wake of these private sector lenders levying a 1% charge on payment for petrol and diesel through credit or debit cards.

“The petroleum ministry conveyed to us that the banks have deferred their decision to charge on cards till Friday. So, we have also called off our threat, vis-a-vis plastic money till that date,” president, All India Petroleum Dealers Association, Ajay Bansal told DH.

Bansal said the association had written to Finance Minister Arun Jaitley and Petroleum Minister Dhamendra Pradhan about the same.

Last month, the government had announced a 0.75% discount on the purchase of fuel using cards. ­

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