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 ISTBanks 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.
Jan 03, 2017, 21:06 PM IST