Amendment of Act 51 of 2007.

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..... , 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: While Passing the bill in the Loksabha a .....

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..... bed 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 proposed new section provides that notwithstanding anything contained in the said Act, no bank or system provider shall impo .....

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