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The Payment and Settlement Systems Act, 2007

Chapter IV — REGULATION AND SUPERVISION BY THE RESERVE BANK

Section 10ABank, etc., not to impose charge for using electronic modes of payment

Read in the full Act
Section 10A: Bank, etc., not to impose charge for using electronic modes of payment

10A. Bank, etc., not to impose charge for using electronic modes of payment

[10A. Bank, etc., not to impose charge for using electronic modes of payment.—Notwithstanding anything contained in this Act, no bank or system provider shall impose, whether directly or indirectly, any charge upon a person making or receiving a payment by using the electronic modes of payment prescribed under section 269SU of the Income-tax Act, 1961 (43 of 1961).]

Amendment notes (1)
  1. Ins w.e.f. 1-11-2019 . Ins. by Act 23 of 2019, s. 204 (w.e.f. 1-11-2019).