November 05, 2024 13:29 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region | US presidential election: Donald Trump ahead of Kamala Harris in swing states, poll survey predicts | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row
MDR waived for debit card transactions at ICICI Bank merchants

MDR waived for debit card transactions at ICICI Bank merchants

| | 23 Nov 2016, 11:18 pm
Mumbai, Nov 23 (IBNS): ICICI Bank on Wednesday announced that its merchant acquiring arm, ICICI Merchant Services Ltd (IMSL) has waived the Merchant Discount Rate (MDR) on debit card transactions at all merchants serviced by IMSL.


It is effective from Wednesday till Dec 31. Further, customers of ICICI Bank will continue to enjoy usage of their debit cards without any charge to them as has always been the case. 

With this announcement, merchants serviced by IMSL will be able to accept payments on all Visa, Mastercard and RuPay debit cards without any cost to them, thus facilitating greater adoption of card based payments in the country in the wake of the demonetisation move.

This announcement comes a day after ICICI Bank waived MDR on RuPay debit cards.

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.