Latest News on Mdr Rates
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Mdr Rates - Total results - 2
Dec 14, 2017
Govt to discuss MDR rate issue with RBI, says finance ministry officialThe government will hold deliberations with the Reserve Bank of India (RBI) to work out a mechanism for bringing down merchant discount rates (MDR) which have increased from 0.25 percent of transaction value to 0.90 percent recently, a finance ministry official said.
Dec 06, 2017
RBI changes MDR for debit card payments, widens ambit to include small merchants; here are new ratesRBI has tweaked the fee levels to widen the network of merchant establishments which will accept the card payments and also to incentivise banks to invest more into cash-less or less-cash payment systems