Merchant discount rate

Customers will not have to pay any transaction charges for payments through debit card, BHIM app and other payment made for up to Rs 2,000. - Sakshi Post
Jan 02, 2018
The move will have an impact of Rs 2,512 crore on the exchequer.
NITI Ayog CEO Amitabh Kant - Sakshi Post
Dec 16, 2016
NITI Ayog CEO Amitabh Kant said the government had “long-term plans” to impose a cess on cash transaction in order to encourage digital transactions.
‘Merchant Discount Rate’ is the rate charged to a merchant by a bank for providing debit and credit card services. - Sakshi Post
Nov 24, 2016
SBI waves off merchant discount rate on master and visa debit cards with immediate effect.
At present, customers bear the transaction cost commonly known as merchant discount rate (MDR) on payments made to the government. - Sakshi Post
Aug 16, 2016
Moving to economy of digital currency 
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