https://www.taxtmi.com/news?id=17023 Debit card activation enables electronic payments, ATM withdrawals and PIN-protected security; banks provide or enable PIN issuance and reissuance, and inactive cards may require activation. Promotional measures include zero MDR on debit card POS transactions for the promotional interval and an excise duty waiver on POS acquisition for a limited period to reduce merchant costs. Card-network rules prohibit merchants from imposing an additional surcharge for card acceptance; consumers may refuse such charges and lodge complaints with their bank. NPCI has provided an insurance cover for eligible RuPay cardholders under the programme. en-us Mon, 05 Dec 2016 16:47:48 +0530 Mon, 05 Dec 2016 16:47:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17023 Debit card activation enables electronic payments, ATM withdrawals and PIN-protected security; banks provide or enable PIN issuance and reissuance, and inactive cards may require activation. Promotional measures include zero MDR on debit card POS transactions for the promotional interval and an excise duty waiver on POS acquisition for a limited period to reduce merchant costs. Card-network rules prohibit merchants from imposing an additional surcharge for card acceptance; consumers may refuse such charges and lodge complaints with their bank. NPCI has provided an insurance cover for eligible RuPay cardholders under the programme. News - Mon, 05 Dec 2016 16:47:48 +0530 https://www.taxtmi.com/news?id=17023