Search For "mdr"
Passengers not to be charged for MDR booking of railway tickets
Updated : 8 years 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, 3 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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RBI caps merchant discount rates to boost debit card transactions
Updated : 8 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 6 (ANI): In a bid to boost transactions using debit cards, and digitisation on the whole, the Reserve Bank of India (RBI) on Wednesday has capped merchant discount rate (MDR) and will create a framework for asset-light acceptance infrastructure.
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Digital payments committee submits report to PM Modi, urges abolition of M
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan. 24 (ANI): A committee on digital payments, led by Andhra Pradesh Chief Minister N. Chandrababu Naidu submitted its interim report to Prime Minister Narendra Modi at Niti Ayog here on Tuesday.
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SBI to waive MDR charges on debit card transactions for small merchants
Updated : 8 years, 7 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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Petrol pumps to accepts cards till Jan. 13, Centre assures consumers
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan. 9 (ANI): With the Petrol Pumps Association deferring its decision of not accepting card payment for fuel purchase till January 13, Union Minister of Petroleum Dharmendra Pradhan on Sunday assured that the Merchant Discount Rate (MDR) imposed by the Reserve Bank of Ind
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HDFC is waving off MDR as an excuse to improve its bottom line: Petrol Dea
Updated : 8 years, 7 months ago IST
Mangalore (Karnataka) [India], Jan. 8(ANI): President of the All India Petroleum Dealers Association on Sunday said the HDFC Bank has waived the Merchant Discount Rate (MDR) as an excuse to improve its bottom line through transactions at fuel stations.
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