Section 10A
Bank, etc., not to impose charge for using electronic modes of payment.
The Payment and Settlement Systems Act, 2007
About this Act
An Act to provide for the regulation and supervision of payment systems in India and to designate the Reserve Bank of India as the authority for that purpose and for matters connected therewith or incidental thereto.
1[10A. Bank, etc., not to impose charge for using electronic modes of payment.--Notwithstanding
anything contained in this 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 section 269SU of the Income-tax Act, 1961 (43 of 1961).]
Notes
1. Ins. by Act 23 of 2019, s. 204 (w.e.f. 1-11-2019).