News Date: 31 Mar 2017
RBI has said that its mid-December 2016 ‘special measures’ on rationalisation of merchant discount rate (MDR) will continue whereby MDR for transactions up to Rs. 1,000, and above Rs. 1,000 and up to Rs. 2,000 were capped at 0.25 per cent and 0.50 per cent, respectively, of the transaction value.