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Amendment of Act 51 of 2007.
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.... day of November, 2019, namely:-- Bank, etc., not to impose charge for using electronic modes of payment. "10A. Notwithstanding anything contained in this Act, no bank or system provider shall impose any charge upon anyone, either directly or indirectly, for using the electronic modes of payment prescribed under section 269SU of the Income-tax Act, 1961.". (43 of 1961.) Note: ....
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....ectly, 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.) - Clause 194 of the Bill seeks to amend the Payment and Settlement Systems Act, 2007 by insertion of a new section 10A relating to banks, etc. not to impose charge for using electronic modes of payment. The propos....