Indian Railways will not charge Merchant Discount Rate (MDR) charges on passengers for booking railway tickets (at the railway ticketing counters as well as through IRCTC ticketing website) on payment made through debit cards for a transaction value.
The government is considering to withdraw the merchant discount rates (MDR) levied on e-tickets that could slash ticket prices for railway passengers.
The train ticket you will book for your next journey might cost you a little less as the government reportedly is mulling over removing the merchant discount rate (MDR) charges.
The impasse over the payment of merchant discount rate (MDR) charges on fuel purchases via debit cards seems to have reached a conclusion with oil retailing companies – Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp – agreeing to pay the charges, reports the Mint today.
In what came as a big relief for consumers of petrol and diesel and petrol pump owners, union minister of state (I/C) for Petroleum and Natural Gas, Dharmendra Pradhan said Monday. The All India Petroleum Dealers Association (AIPDA) on Sunday announced that it would not accept payments through credit and debit cards from Monday in protest the banks’ decision to levy additional charge of up to one per cent on such transactions