Search For "mdr charges"
Praveen Khandelwal urges Centre to exempt small merchants, consumers from
Updated : 1 year, 2 months ago IST
Union Finance Minister Nirmala Sitharaman in December 2019 announced that no MDR charges would be applicable on transactions through RuPay and UPI platforms beginning January 1, 2020, a move that promotes digital payments.
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No MDR charges on payment modes to be notified on Jan 1: Finance Minister
Updated : 6 years, 5 months ago IST
New Delhi [India], Dec 28 (ANI): The customers will not be charged merchant discount rates (MDRs) for transactions made through "payment modes" that will be notified from January 1, 2020.
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Passengers not to be charged for MDR booking of railway tickets
Updated : 8 years, 3 months ago IST
New Delhi [India], Mar. 2 (ANI): The Indian Railways announced that Merchant Discount Rate (MDR) charges will not be levied on passengers for booking railway tickets (at the railway ticketing counters as well as through IRCTC ticketing website) on payment made through debit cards for a trans
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Cabinet approves subsidizing MDR charges on digital transactions
Updated : 8 years, 5 months ago IST
New Delhi [India], Dec 15 (ANI): In yet another move to encourage greater adoption of digital payments in India, the Union Cabinet on Friday approved subsidizing the Merchant Discount Rate (MDR) applicable on all debit card, BHIM UPI, Aadhaar enabled Payment System (AePS) transactions upto a
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SBI to waive MDR charges on debit card transactions for small merchants
Updated : 8 years, 9 months ago IST
New Delhi [India], Jan 9 (ANI): The country's largest lender State Bank of India (SBI) on Monday announced its decision to completely waive the Merchant Discount Rates (MDR) charges on debit card transactions for all the small merchants having annual turnover of up to Rs. 20 lakh, for a
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