Merchant Discount Rates

Railway tickets may get cheaper as govt mulls removal of MDR charges

The government had waived service charges after demonetisation in November last year to encourage digital modes of booking.

Oct 09, 2017, 09:09 AM IST

Banks begin levying MDR charges on debit card payments

In what could be a blow for digital payments system, some banks in the country have started levying Merchant Discount Rates (MDR) charges on use of debit cards for payments.

Jan 03, 2017, 21:06 PM IST