Effective May 1, utility bill payments via YES Bank and IDFC First Bank credit cards will come at an added cost. Both of these lenders are set to impose surcharges on some of the transactions.IDFC First Bank has announced a 1% surcharge along with Goods and Service Tax (GST) on bill payments exceeding ₹20,000 in a single statement cycle through its credit cards.This adjustment, affecting a wide array of utilities including telecommunications, electricity, gas, water, internet services, and cable services, aims to rationalise costs associated with high-value transactions. However, exceptions are made for specific cards like the First Private Credit Card, LIC Classic Credit Card, and…
Read More…
Utility bill payments via these credit cards to get expensive from May 1
