Diabytes
Debit card transactions News
)
India Credit Card Market: The report mentioned that debit cards have struggled to compete with credit cards in terms of rewards, which has further contributed to their decline.
)
MDR is the rate charged to a merchant by a bank for providing debit and credit card services.
)
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.
)
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.
)
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.
)
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.
)
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
)
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.
)
Debit Card makes your payments much more convenient and secure through an electronic payment facility directly from your bank account.
Loading...
 "Will Hindus get justice in Bengal's Murshidabad?")
 "DNA: Uproar over freebies in Delhi!")
 "DNA: AIMIM plans to field 2020 Delhi riots accused Shahrukh Pathan")
 "DNA: A report showing the reality of Bangladesh")
 "DNA: Power Theft Allegations Against SP MP Ziaur Rahman Barq")
 "DNA: Hot Tea Linked to Cancer Risk!")
 "DNA: Why Jordan Fears After Syria’s Coup?")
 "DNA: NSA Ajit Doval’s China Visit - Inside Story")
 "DNA: Gandhi Family Ruined My Career, says Mani Shankar Aiyar")
 "DNA: Ground Report- Tight Security Arrangements for Mahakumbh")
