September 12, 2026

Section 10A – Payment and Settlement Systems Act, 2007

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).

Inserted by Act 23 of 2019, s. 204, with effect from 1-11-2019.