Now HDFC Visa/Mastercard pay 0.40% MDR charges ...

Now HDFC Visa/Mastercard pay 0.40% MDR charges transaction upto Rs2000

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Shopping Friend
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Now HDFC Visa/Mastercard pay 0.40% MDR charges transaction upto Rs2000 -

https://cdn0.desidime.com/attachments/photos/606079/medium/652380802IutPd.jpg?1582382417

MDR of 0.40% will be applicable on transaction up to Rs 2000 for all non RuPay domestic debit card payments.

Effective from 24th feb, 2020 and one-time recovery of MDR for transaction between 1st jan to 23th feb, will be done subsequently.

4 Comments  |  
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Critic
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Can you summarise in simple language?

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Deal Cadet
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Looks like its for marchant who accept payment through terminal.

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Deal Subedar
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Its for merchants.

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Critic
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cocay wrote:

Can you summarise in simple language?

It means more merchants will now add “extra charge” for payment using card instead of cash/upi qr.

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