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RBI had in December last year capped the MDR charges at 0.25 per cent for transactions up to Rs 1,000.

RBI rationalises charges on debit card transactions

MDR is the rate charged to a merchant by a bank for providing debit and credit card services.

7 Dec 2017 10:40 AM IST

The government expects a helping hand from the RBI in the form of interest rate cut in the next monetary policy review on Wednesday to boost the slowing economy. Photo: PTI

Govt to discuss MDR rate issue with RBI: official

The MDR charges are capped at 0.90 per cent for other merchants limited to Rs 1,000 per transaction.

14 Dec 2017 10:48 AM IST