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RBI on MDR

Govt to bear MDR charges on small transactions for next 2 years

Govt to bear MDR charges on small transactions for next 2 years

Fri, Dec 15, 2017

The RBI rationalised the framework of Merchant Discount Rate (MDR) into three category for  debit cards transaction.

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Retailers say higher MDR nearly doubles merchants' costs

Retailers say higher MDR nearly doubles merchants' costs

Wed, Dec 13, 2017

Retailers are lamenting the RBI's upward revision of merchant discount rates (MDR), the rate merchants pay banks per card transaction, claiming it has nearly doubled their costs.

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