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It has been decided to rationalise the MDR for
debit cards based on the following criteria:
·
Categorisation of merchants on the basis of
turnover.
·
Adoption of a differentiated MDR for QR-code based
transactions.
·
Specifying a ceiling on the maximum permissible MDR
for both ‘card present’ and ‘card not present’ transactions.
Accordingly,
the maximum MDR for debit card transactions shall be as under:
|
Sr. No.
|
Merchant
Category
(turnover during
prev fin year)
|
MDR for debit
card transactions
(as a % of transaction value) |
|
|
Physical POS based
( MDR cap/transaction)
|
QR code-based
( MDR cap/transaction)
|
||
|
1
|
Small merchants
(upto ₹ 20 lakh) |
Not exceeding 0.40%
(₹ 200) |
Not exceeding 0.30%
( ₹ 200) |
|
2
|
Other merchants
(above ₹ 20 lakh) |
Not exceeding 0.90%
(₹ 1000) |
Not exceeding 0.80%
(₹ 1000) |
Banks and authorised card payment networks are adhere
to RBI guidelines on Merchant acquisition.
Banks are to ensure that the MDR does not exceed
the prescribed cap rates, irrespective of the entity.
Banks are also advised to ensure that merchants
on-boarded by them do not pass on MDR charges to customers while accepting
payments through debit cards.
The above instructions shall be effective
from January 1, 2018.
Based on RBI notification
dated 6/12/17. For any further clarification refer www.rbi.org.in ................ Poppy
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