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.
Dec 06, 2017, 17:39 PM IST
Debit card payments: RBI to soon issue final guidelines on MDR charges
Aimed at encouraging digital transactions, the Reserve Bank on Thursday said it will soon come out with final guidelines on MDR charges on debit card payments.
Apr 06, 2017, 18:01 PM IST
RBI proposes to waive off bank transaction charges, reduce interest rate for credit cards
In an attempt to promote cashless transactions in the country, Reserve Bank of India (RBI) has given banks the freedom to fix bank service charges for transactions.
Feb 04, 2017, 14:34 PM IST
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.
Jan 09, 2017, 19:46 PM IST
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
Dec 17, 2016, 10:39 AM IST
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.
Nov 23, 2016, 22:18 PM IST
Demonetisation: SBI waves merchant discount rate on RuPay debit cards
State Bank of India (SBI) waived merchant discount rate (MDR) on the RuPay Debit Cards with immediate effect.
Nov 19, 2016, 22:22 PM IST
Govt to bear transaction cost of payments received via cards
In order to promote less cash economy, the government has said it will bear the transaction cost for all payments made to it through debit or credit cards and net banking.
Aug 16, 2016, 15:54 PM IST
