Merchant Discount Rate
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RuPay Credit Card UPI Usage: No Charge for Transactions Up to Rs. 2,000, NPCI Says
RuPay credit card Unified Payments Interface (UPI) transactions under Rs. 2,000 will not be charged, as per RBI directions. According to a circular from the National Payments Corporation of India, nil Merchant Discount Rate (MDR) would apply for this category up to the transaction amount less than and equal to Rs 2,000. The NPCI's decision is aimed...
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Cabinet Approves Incentive Scheme To Push Digital Payments
Government will reimburse transaction charges levied on digital payments made by persons to the merchant as part of the merchant discount rate
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PhonePe, Google Pay May Be Hit by NPCI's New Zero UPI Interchange, Payment Service Provider Fees Rule
Through a circular on Friday, the National Payments Corporation of India (NPCI) said that it has agreed to revise the UPI interchange and payment service provider fees to "zero" for all domestic UPI merchant (P2M) transactions with retrospective effect from January 1, 2020.
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What Is MDR? Railways Won't Charge Passengers This Fee For Booking Tickets
Merchant discount rate or MDR is the amount that a merchant has to pay to its service providers when a consumer uses a debit card to pay for the transaction. IRCTC is the online ticketing arm of Indian Railways.
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Railways To Waive Off Merchant Discount Rate For Booking Tickets Online
Railways has decided to waive off the merchant discount rate on booking tickets online. However, theexemption will be granted only on the bookings made for an amount not exceeding Rs one lakh
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No Charge On Debit Card Transactions Below Rs 2,000. Details Here
The merchant discount rate will be borne by the government for two years with effect from January 1, 2018.
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No Charges On Debit Card Transactions Up To Rs 2,000, Says Government
The merchant discount rate on transaction up to Rs 2,000 will be borne by the government for two years.
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Digital Transactions To Zoom As Government Set To Cushion MDR. 5 Things To Know
The cabinet on Friday decided that the Merchant Discount Rate (MDR) applicable on all debit card/BHIM UPI/ AePS transactions up to a value of Rs.2,000 will be borne by the government
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Digital Push: Government To Reimburse Merchant Discount Rate For Transactions Upto Rs 2,000
Consumer and the merchant will not suffer any additional burden in the form of merchant discount rate (MDR), expected to give a boost to digital transactions.
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RBI Makes It Cheaper For Small Merchants To Accept Debit Cards
Merchant discount rate is the fee charged to a merchant by a bank for providing debit card payment services.
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RBI To Soon Issue Final Guidelines On Merchant Discount Rate Charges
Pending the final guidelines the existing norms for MDR (merchant discount rate) charges will continue beyond March 31, RBI Governor Urjit Patel said while announcing first bi-monthly monetary policy for 2017-18.
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RBI Proposes Lower MDR From April 1 To Keep Digi-Pay Momentum
Merchant Discount Rate (MDR) charge, which is levied on debit card transaction, would be even less at 0.3 per cent if transaction is through digital PoS (QR Code), the RBI said in a draft circular on rationalisation of MDR for debit card transactions.
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RBI To Reimburse Banks MDR Charges Effective January 1
In December 2016, the government had decided to absorb the merchant discount rate (MDR) charges in respect of debit card transactions for making payments to it.
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SBI Waives Merchant Discount Rate For Small Merchants For One Year
Close to 70 per cent of SBI's PoS terminals are deployed in non-metro centres, and these can be found in more than 4,400 centres
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Petrol Pumps To Accept Card Payments For Now After Banks Defer Fee Move
To promote cash-less transactions, the government had waived the Merchant Discount Rate (MDR) on fuel purchase post demonetisation for consumers.
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RuPay Credit Card UPI Usage: No Charge for Transactions Up to Rs. 2,000, NPCI Says
RuPay credit card Unified Payments Interface (UPI) transactions under Rs. 2,000 will not be charged, as per RBI directions. According to a circular from the National Payments Corporation of India, nil Merchant Discount Rate (MDR) would apply for this category up to the transaction amount less than and equal to Rs 2,000. The NPCI's decision is aimed...
-
Cabinet Approves Incentive Scheme To Push Digital Payments
Government will reimburse transaction charges levied on digital payments made by persons to the merchant as part of the merchant discount rate
-
PhonePe, Google Pay May Be Hit by NPCI's New Zero UPI Interchange, Payment Service Provider Fees Rule
Through a circular on Friday, the National Payments Corporation of India (NPCI) said that it has agreed to revise the UPI interchange and payment service provider fees to "zero" for all domestic UPI merchant (P2M) transactions with retrospective effect from January 1, 2020.
-
What Is MDR? Railways Won't Charge Passengers This Fee For Booking Tickets
Merchant discount rate or MDR is the amount that a merchant has to pay to its service providers when a consumer uses a debit card to pay for the transaction. IRCTC is the online ticketing arm of Indian Railways.
-
Railways To Waive Off Merchant Discount Rate For Booking Tickets Online
Railways has decided to waive off the merchant discount rate on booking tickets online. However, theexemption will be granted only on the bookings made for an amount not exceeding Rs one lakh
-
No Charge On Debit Card Transactions Below Rs 2,000. Details Here
The merchant discount rate will be borne by the government for two years with effect from January 1, 2018.
-
No Charges On Debit Card Transactions Up To Rs 2,000, Says Government
The merchant discount rate on transaction up to Rs 2,000 will be borne by the government for two years.
-
Digital Transactions To Zoom As Government Set To Cushion MDR. 5 Things To Know
The cabinet on Friday decided that the Merchant Discount Rate (MDR) applicable on all debit card/BHIM UPI/ AePS transactions up to a value of Rs.2,000 will be borne by the government
-
Digital Push: Government To Reimburse Merchant Discount Rate For Transactions Upto Rs 2,000
Consumer and the merchant will not suffer any additional burden in the form of merchant discount rate (MDR), expected to give a boost to digital transactions.
-
RBI Makes It Cheaper For Small Merchants To Accept Debit Cards
Merchant discount rate is the fee charged to a merchant by a bank for providing debit card payment services.
-
RBI To Soon Issue Final Guidelines On Merchant Discount Rate Charges
Pending the final guidelines the existing norms for MDR (merchant discount rate) charges will continue beyond March 31, RBI Governor Urjit Patel said while announcing first bi-monthly monetary policy for 2017-18.
-
RBI Proposes Lower MDR From April 1 To Keep Digi-Pay Momentum
Merchant Discount Rate (MDR) charge, which is levied on debit card transaction, would be even less at 0.3 per cent if transaction is through digital PoS (QR Code), the RBI said in a draft circular on rationalisation of MDR for debit card transactions.
-
RBI To Reimburse Banks MDR Charges Effective January 1
In December 2016, the government had decided to absorb the merchant discount rate (MDR) charges in respect of debit card transactions for making payments to it.
-
SBI Waives Merchant Discount Rate For Small Merchants For One Year
Close to 70 per cent of SBI's PoS terminals are deployed in non-metro centres, and these can be found in more than 4,400 centres
-
Petrol Pumps To Accept Card Payments For Now After Banks Defer Fee Move
To promote cash-less transactions, the government had waived the Merchant Discount Rate (MDR) on fuel purchase post demonetisation for consumers.
