August 18, 2026 05:54 am (IST)
Follow us:
Axis Bank announces waiver on Merchant Discount Rate
Mumbai, Nov 23 (IBNS): In support of Government's demonetisation scheme and to offer ease and convenience to its merchants and customers, Axis Bank on Wednesday waived Merchant Discount Rate (MDR) transaction fees on debit card usage.
The bank has waived the service charges on the use of debit cards at Axis Bank terminals (merchant acquiring) effective from Wednesday night up to Dec 31, 2016.
Additionally, the bank has partnered with merchants to allow customers to withdraw cash at POS terminals.
The bank will also leverage its contact-less technology at POS terminals for faster transactions.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
BPCL flags off first extreme weather grade diesel rake from Bina Refinery to power Indian Army’s high-altitude operations
Mon, Aug 17 2026
Chief Economic Adviser backs E10 option for older vehicles as E20 fuel transition sparks debate
Mon, Aug 17 2026
L&T secures ultra-mega order for strategic offshore development project in Middle East
Mon, Aug 17 2026
Mahindra launches BLAZO i-TRK: All details inside
Sun, Aug 16 2026
Reliance Industries, Rolls-Royce join hands to explore indigenous engine for India’s AMCA fighter
Sat, Aug 15 2026
BSNL’s Independence Day gift: Re 1 Recharge, 412-Day Plan and 500 Free TV Channels. Check now
Sat, Aug 15 2026
Emami’s big snack bet: ₹750 crore investment, new WeMe brand targets ₹1,000 crore in 3-5 years
Sat, Aug 15 2026