Ideally it should give as per card T&C
but I used it at both places twice, once the txn got settled with Paytm as merchant name and once it got settled with Pay u something merchant name hence not received 5% any time
There is some problem with 1mg payment gateway.... and if the card variant is Rupay then we even cant know which merchant we are paying, neither from OTP SMS or OTP webpage hence no way to ensure merchant name before payment