Come April 2017, RBI has plans to bring down the Merchant Discount Rates on debit card transactions. The plans are to rationalise the charges on the basis of merchant turnover rather than the slab rate followed at present. The rates will also differ for general transactions and Government transactions. The proposed changes are: SN Transaction
Come April 2017, RBI has plans to bring down the Merchant Discount Rates on debit card transactions. The plans are to rationalise the charges on the basis of merchant turnover rather than the slab rate followed at present. The rates will also differ for general transactions and Government transactions. The proposed changes are: SN Transaction