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Debit card transactions News

debit card transactions

15 Dec 2017

No transaction charges on debit card payments up to Rs 2,000

MDR is the rate charged to a merchant by a bank for providing debit and credit card services.

debit card transactions

06 Dec 2017

Debit card transaction charges to come down as RBI caps MDR on digital payments

The RBI today capped charges on debit card transaction at Rs 200 for small merchants and Rs 1,000 for merchants with over Rs 20 lakh annual turnover.

16 Feb 2017

Debit card transactions: RBI to reimburse banks MDR charges effective January 1

The Reserve Bank will start reimbursing MDR charges to banks for payments made since January 1 through debit cards by citizens, in line with the government's move to further digital solutions.

digital transactions

07 Feb 2017

Digital push: Govt confident that debit card charges may decline

As the government seeks to promote digital transactions, Finance Minister Arun Jaitley on Tuesday exuded confidence that the charges on such payments would come down with increase in volumes.

debit card transactions

09 Jan 2017

Debit card transactions: SBI waives MDR charges for small merchants for one year

Country's largest lender SBI has waived Merchant Discount Rate (MDR) on debit card transactions for all small merchants with annual turnover of up to Rs 20 lakh for one year.

17 Dec 2016

Charges on debit card transactions of up to Rs 2,000 to be lowered by RBI

In order to promote digital payments, the Reserve Bank of India (RBI) lowered merchant discount rates or payments made by debit cards under Rs 2,000

08 Dec 2016

Demonetisation: Govt to waive service tax on card transactions up to Rs 2,000

In a bid to promote digital transactions, Modi government will waive service tax on debit and credit card transactions of up to Rs 2,000 amid cash crunch following withdrawal of old Rs 500 and 1,000 banknotes.

06 Dec 2016

Demonetisation: Key benefits of using debit cards

Debit Card makes your payments much more convenient and secure through an electronic payment facility directly from your bank account.

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