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News
MDR charges
MDR charges 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 payment
16 Feb 2017
Debit card payments: RBI proposes to drastically cut MDR charges
The RBI on Thursday proposed to drastically cut MDR charges on debit card payments.
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.
debit cards
23 Nov 2016
Banks waive MDR for all debit cards till December 31
Leading banks, including ICICI Bank and HDFC Bank, have waived merchant discount rate (MDR) on debit cards till December 31 to facilitate payments by customers following government's move to do away with the charge levied on merchants.
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