Diabytes
MDR News
)
The official rebuttal was issued following several reports circulated online claiming that the government was planning to impose MDR on large-ticket UPI transactions.
)
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.
)
To encourage digital transaction, the Chandrababu Naidu panel, in the report to PM Modi stated that bringing down cost of digital transactions was key to success of digital payments.
)
Neither the consumers, nor petrol pump owners will bear the burden of transaction surcharge on fuel purchases through debit or credit cards.
)
With banks deciding to imposed transaction (MDR) charges on them instead of consumers, petrol pumps across India will not accept credit and debit card payments for fuel sales from Monday.
)
After RuPay debit cards, State Bank of India (SBI) waived off merchant discount rate (MDR) on Master and Visa debit cards. This is being done to promote digital transactions.
)
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.
)
State Bank of India (SBI) waived merchant discount rate (MDR) on the RuPay Debit Cards with immediate effect.
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")
