How the governments MDR reimbursement decision impacts you
Read how the governments MDR reimbursement decision will impact customers and railway commuters.
In January of this year, following demonetisation of higher currencies Dharmendra Pradhan, Minister of State for Petroleum and Natural Gas exempted customers from charges on card payments during fuel purchase. "MDR charges on card payments for fuel purchase will not be passed on to customers."
Nearly 28 crore transactions take place per month on the Point of Sale (POS) machines having an average ticket size of Rs 1,500.
As on September 2017, usage at POS stood at 26.53 crore transactions totalling up to Rs 36,629 crore, as per RBI data.
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