Can't purchase paid app, your payment method declined

We can't purchase any paid app, when i finished the all formalitiies for buying app, just a notification shown that "your payment method was declined, please use other method" but after 15 minutes my account deducted by Rs. 60 each time whenever i try to buy, because of this my account has deducted @ 500 approx.  So, please let me know freinds what should i do ??

What sort of card are you tryng to use, debit or credit ?
If it's a debit card then I don't think that they are still accepted as a valid payment method - they are not listed on this page and there have been a number of posts recently about them being declined
If it's a credit card then is it registered to exactly the same name and address (including format and spacing etc) that you have on your iTunes account, it was issued by a bank in your country and you are currently in that country ? If it is then you could check with the card issuer to see if it's them that are declining it, and if not then try contacting iTunes support and see if they know why it's being declined : http://www.apple.com/support/itunes/contact/ - click on Contact iTunes Store Support on the right-hand side of the page, then Account Management
For the Rs 60, each time that you change your card details a small temporary store holding charge may be applied to check that the card details are correct and valid and that it's registered to exactly the same name and address as on your iTunes account - it should disappear off your account within a few days or so.
Store holding charge : http://support.apple.com/kb/HT3702

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