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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.

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.

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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