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Protection of consumer s interests in digital mode of payment

News and Press Release - Dated:- 7-2-2017 - Instructions have been issued on Merchant Discount Rate (MDR) Structure on June 28, 2012 capping the MDR @ 0.75% for payment made through debit cards upto ₹ 2000/- and @ not exceeding 1 % for transaction value above ₹ 2000/-. Further, in order to facilitate wider acceptance of card payments, following temporary measures have been introduced for the period from Jan 1, 2017 applicable till March 31, 2017: i. For transactions upto ₹ 1000 .....

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