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RBI caps charges on debit card transaction at Rs 200 for small merchants

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Charges capped at Rs 1,000 for merchants with over Rs 20 lakh annual turnover

BS Web Team  |  New Delhi  Last Updated at December 6, 2017 18:29 IST

Reserve Bank of India today announced capping of charges on at Rs 200 for small merchants.


Charges are capped at Rs 1,000 for merchants with over Rs 20 lakh annual turnover.


For small merchants, merchant discount rate  for debit transactions should not exceed 0.3% for QR-based card acceptance infrastructure.


For other merchants, for debit transactions should not exceed 0.8% for QR-based card acceptance infrastructure.


For other merchants, for debit transactions should not exceed 0.9% for physical POS infrastructure.

First Published: Wed, December 06 2017. 18:25 IST

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