Prohibition on charges for electronic payments: banks and system providers cannot levy fees on senders or recipients. The amendment inserts section 10A into the Payment and Settlement Systems Act, providing that, notwithstanding anything in the 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 the Income-tax Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Prohibition on charges for electronic payments: banks and system providers cannot levy fees on senders or recipients.
The amendment inserts section 10A into the Payment and Settlement Systems Act, providing that, notwithstanding anything in the 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 the Income-tax Act.
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