The Reserve Bank of India on Friday decided to slash Merchant Discount Rate (MDR) charges on payments made through debit cards. For transactions of up to Rs 1,000, MDR will be capped at 0.25% of the transaction value. For transactions above Rs 1000, and up to Rs 2000, MDR will[Read More…]
Tag: Debit card
Demonetisation: 2500 petrol pumps to dispense cash upto Rs 2000 from today
In the wake of cash crunch, Centre on Thursday allowed dispensing of cash up to Rs 2000 through debit card swipe at petrol pumps run by state-run oil companies. The facility will be initially available at 2,500 petrol pumps across the country that has SBI card swipe machines. “It has[Read More…]