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 payments: RBI proposes to drastically cut MDR charges
The RBI on Thursday proposed to drastically cut MDR charges on debit card payments.
Feb 16, 2017, 20:40 PM IST
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.
Jan 03, 2017, 21:06 PM 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
