Lok Sabha Question No. 2297 (UNSTARRED), answered on 2017-07-28
Subject: Annual Charges on Debit and Rupay Cards
Ministry: FINANCE
Asked by: RENUKA BUTTA

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UNSTARRED QUESTION

TO BE ANSWERED ON 28h July 2017 (FRIDA YYSHRAVANA 6, 1939 (SAKA)

## Annual Charges on Debit and Rupay Cards

## 2297. SHRIMATI BUTTA RENUKA

Will the Minister of FINANCE be   pleased to state:

- (a) whether the banks are charging admission and annual subscription for debit and Rupay cards and if the details thereof; SO,
- whether because of these charges many people are not availing debit card and Rupay facilities which are going against the spirit of digitalisation of economy and if so, the details thereof; and
- whether there is any proposal to abolish debit and Rupay card charges to promote cashless transactions and if SO, the details thereof;

## Answer

## The Minister of State in the Ministry of Finance

## (SHRI SANTOSH KUMAR GANGWAR)

- (a) Yes, banks are levying admission and annual subscription charges for RuPay debit cards. Details are in Annexure.
- (b) 38.2 crore RuPay debit cards have been issued, aS on 30.6.2017.
- (c) Reserve Bank of India instructions provide for of service charges by banks with the approval of their Board of Directors. levy

Anexure to Lok Sabha question no. 2297 for 28.7.2017

|    | Bank                      | RuPay debit card           | RuPay debit card                                     |
|----|---------------------------|----------------------------|------------------------------------------------------|
|    | Bank                      | Admission charges (in Rs ) | Annual subscription charges (in Rs.)                 |
|    | Allahabad Bank            | Nil                        | 100                                                  |
| 2  | Andhra Bank               | Nil                        |                                                      |
| 3  | Bank of Baroda            | Nil                        | 125 (second year onwards                             |
| 4  | Bank of India             |                            | 100                                                  |
| 5  |                           | 125                        | 120 in metrolurban centres and 60 in semiurban/rural |
|    | Bank of Maharashtra       | Nil                        | 100 centres                                          |
| 6  | Canara Bank               | Nil                        | 100 (second year onwards)                            |
| 7  | Central Bank of India     | Nil                        | Nil                                                  |
| 8  | Corporation Bank          | Nil                        | 150                                                  |
| 9  | Dena Bank                 | Nil                        | 150                                                  |
| 10 | IDBI Bank Ltd.            | Nil                        |                                                      |
| 11 | Indian Bank               | Nil                        | 220                                                  |
| 12 | Indian Overseas Bank      | Nil                        | 115 (second year onwards"                            |
|    | Oriental Bank of Commerce | Nil                        | 150                                                  |
| 14 | Punjab & Sind Bank        |                            | Nil                                                  |
| 15 |                           | Nil                        | 100 (second year onwards                             |
|    | Punjab National Bank      | Nil                        | Nil                                                  |
| 16 | State Bank of India       | Nil                        | Nil                                                  |
| 17 | Syndicate Bank            | Nil                        | Nil                                                  |
| 18 | UCQ Bank 1                | Nil                        | 50 (second year onwards)                             |
| 19 | Union Bank of India       | Nil                        | 100                                                  |
| 20 | United Bank of India      | 150                        | 150                                                  |
| 21 | Vijaya Bank               | Nil                        |                                                      |
| 21 | 150 Source Banks          | 150 Source Banks           | 150 Source Banks                                     |