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No MDR charges on Debit Cards, BHIM UPI Transactions at Merchant PoS

Government of India has decided to waive the merchant discount rate (MDR) applicable on all debit cards, BHIM, AEPS and UPI transactions up to Rs 2,000. This decision is taken in order to boost digital payments and make it more affordable for common people and making transaction more cashless as the majority of transaction falls within this range. Bank will waive the ...

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