Consider this scenario – You enter a multi-brand mobile showroom and select a high-end Smartphone to purchase. Just as you are about to provide your debit or credit card to make the payment, the cashier tells you that 2% extra will be charged if you are going to pay by card. And that is aptly followed by the pacifying advice to pay by cash to save on these extra charges after which you are directed to the nearest ATM. Now although you are not too eager to pay this additional amount just because you are using a card, your mind is already made up and it is too good a deal to let go of, so you reluctantly agree to bear those charges. But is it right? RBI’s notifications on POS transactions through card Debit cards As per point 4 of the RBI notification dated September 25 th , 2013, it is unjustifiable on the merchant’s part to charge customers for buying goods and services as it is not permissible as per the agreement between the merchant and the bank which issued t
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