As a Safe ePayments Motivator I am
very uncomfortable with the Circular issued by Finance Ministry dt.25/10/2012,
advising Public Sector Banks to issue notices to its credit card holders that
payment of their credit card dues via Cash/Cheque will attract service charges.
Receipt of Credit cards by
electronic modes is still not stablised in our country; this is not only for
public sector banks but also private sector banks.
The TAT is not instant and it varies
from 2days to 4days. Of course, you get a value-added date credit in your
credit card statement. No, you do not get additional reward points, when you
make an electronic payment to your credit card.
In fact, Banks should introduce additional
reward points for payment of Credit Cards dues through the eMode.
When Banks are levying service
charges on payment through cash/cheques, part of the savings occurring to banks
via electronic receipts should also be passed on to the customers.
It would have been great, if the
Finance Ministry also advised Banks to be a little customer-friendly. Customers
will respond if they are convinced that guidelines are transparent and in their
favour. Otherwise, a silent resentment will start to build up, which is not
conducive in the long run.
Feedback
welcome.
1 comment:
I agree with you India is still far away from a robust electronic systems in place, but going overboard is very common across all sectors in India.
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