Govt proposes tax benefits for card payments

Last Updated: Monday, June 22, 2015, 19:22

The government also proposed to make it mandatory to settle high value transactions of more than Rs 1 lakh through electronic mode.

No PIN requirement for contactless card payment up to Rs 2,000

Last Updated: Thursday, May 14, 2015, 20:33

Relaxing norms, the Reserve Bank on Thursday said customers can use card for contactless payments without PIN authentication for transactions up to Rs 2,000 across all merchant categories.

Credit card loans: RBI says has no issues if done transparently

Last Updated: Wednesday, October 9, 2013, 21:38

The Reserve Bank Wednesday said it did not have any problem with banks offering loans to credit cardholders while purchasing goods or services but there needs to be transparency with the process.

RBI bans 0% interest rate scheme for buying goods

Last Updated: Wednesday, September 25, 2013, 17:19

The RBI Wednesday banned zero percent interest rate scheme for purchase of consumer goods, a move intended to protect customers but may dampen the festive spirit.

Industrial townships, commercial hubs lead in card sales: Survey

Last Updated: Thursday, March 28, 2013, 17:46

The usage of plastic money is catching up in India as industrial hot-spots and tourism destinations report high rates of card usage, says a survey.

Discount on card-payment acceptance postponed to Sept 1: RBI

Last Updated: Wednesday, July 4, 2012, 18:22

The Reserve Bank on Wednesday said reduction in merchant discount rate (MDR) for purchases made by debit card payment to 0.75-1 percent, which was to be effective from July 1, will now be applicable from September 1 due to some operational issues.

Credit card transaction value up 33% at Rs 8,997 cr in Oct

Last Updated: Monday, December 12, 2011, 17:21

Credit card transactions carried out in October were worth Rs 8,997.63 crore, up 33.1 percent from that in the same month last year, signifying that people are shifting to electronic means of payment.