Tax withholding exemption on specified banking and payment charges when paid to scheduled banks or authorised payment systems. No deduction of tax under Chapter XVII shall be made on specified payments when such payment is made to a bank listed in the Second Schedule to the Reserve Bank of India Act (excluding a foreign bank) or to a payment systems company authorised under the Payment and Settlement Systems Act; the specified payments include bank guarantee commission, cash management service charges, depository charges for DEMAT accounts, warehousing service charges for commodities, underwriting service charges, clearing charges (including interchange or similar settlement fees), and credit or debit card commission between merchant establishments and acquirer banks.