The government is considering to withdraw the merchant discount rates (MDR) levied on e-tickets that could slash ticket prices for railway passengers.
MDR charges are applicable for those who book tickets online via IRCTC website.
The charges are levied by banks on customers for providing credit/debit card services. As indicated by railway minister, the government is in talks with banks to resolve the issue of MDR.
Earlier, railways used to charge a service charge, prior to demonetisation. As soon as the service charges were removed post demonetisation, digital transactions accelerated. Read More…