You are here: Home » PF » Features » Spending
Business Standard

Government services to become cheaper

Consumers can save up to 2.5% on credit cards and 0.75% on debit for using government services

Tinesh Bhasin & Priya Nair  |  Mumbai 

Transaction costs of government services are all set to go for customers.

That is, paying utility bills, booking train tickets and paying fees for passport and central universities will become cheaper. The finance ministry has issued a memorandum asking government departments to take appropriate steps to bear all charges just like private merchants do for payment made through debit, credit cards and other digital means. “Most government companies and institutions pass all the charges involved in a transaction to end users, as these costs are not accounted for in their ...

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, August 17 2016. 22:51 IST