Thu, Dec 07, 2017 | Updated 04.05PM IST

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  • Dec 07, 2017, 16:04 IST

Lower fees on debit card payments for small shops

Dec 07, 2017, 16:04 IST

Small merchants now have more reason to accept debit card payments. The RBI has fixed a lower merchant discount rate (MDR) — which refers to the fees paid to a bank on card payments — for businesses with a turnover of below Rs 20 lakh.

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