RBI rationalises charges on debit card transactions – Deccan Chronicle


Deccan Chronicle

RBI rationalises charges on debit card transactions
Deccan Chronicle
MDR is the rate charged to a merchant by a bank for providing debit and credit card services. RBI had in December last year capped the MDR charges at 0.25 per cent for transactions up to Rs 1,000. Mumbai: In order to promote digital payments, the ...
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