No charges on debit card transactions up to Rs2,000 from now Giving further impetus to digital payments, the government will reimburse charges for transaction up to Rs2,000 on debit cards and BHIM Customers will not have to pay any transaction charges for payments through debit card, BHIM app and other payment made for up to Rs2,000 from last Monday onwards. Last month, union cabinet approved a proposal that government will bear the merchant discount rate (MDR) charges on transactions up to Rs2,000 made through debit cards, BHIM united payments interface (UPI) or Aadhaar-enabled payment systems to promote digital transactions. “Happy Digital 2018. December Quarter BHIM transaction rises to 86 % to 145.6 million with the value of Rs 13,174 crore,” financial services secretary Rajiv Kumar said in a tweet. “Further impetus to digital payments, government to reimburse charges for transaction up to Rs 2,000 on debit cards/ BHIM . Zero charges on merchants. Go Di...
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