Browsing Tag

Cashless Push

Cashless Push: MDR Removed For Debit Card Transactions Upto Rs 2000 Till 2 years!

Mohul Ghosh Dec 16, 2017 1

To encourage more cashless transactions, Govt. of India has removed MDR for all transactions upto Rs 2000, made via debit cards & UPI for the next 2 years.

Doing business

Debit Card Transaction Fees For Small Businesses Capped At Rs. 200; MDR Lowered!

Mohul Ghosh Dec 8, 2017 1

RBI has taken steps to cap the MDR at Rs 200 for small businesses and Rs 1000 for bigger businesses for accepting payment via debit card.