हिन्दी मराठी বাংলা தமிழ் മലയാളം ગુજરાતી తెలుగు ಕನ್ನಡ ਪੰਜਾਬੀ

debit card transactions

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.

Dec 15, 2017, 16:59 PM IST

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 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.

Feb 16, 2017, 18:27 PM IST

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.

Feb 07, 2017, 16:11 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

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.

Dec 08, 2016, 14:02 PM IST