Good News! No charges on payments to large companies from November 1
Customers who make payments through digital mode have a piece of good news, from November 1, 2019, they will not have to pay any charges on this mode of transactions made to establishments with turnover in excess of Rs 50 crore.
The government has asked banks service digital service providers to not to impose charges or Merchant Discount Rate (MDR) on customers, as well as merchants, on digital payments. Image source: Pixabay