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News
MDR charges on debit cards
MDR charges on debit cards News
RBI
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.
Debit card
03 Jan 2017
Banks begin levying MDR charges on debit card payments
In what could be a blow for digital payments system, some banks in the country have started levying Merchant Discount Rates (MDR) charges on use of debit cards for payments.
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