Government subsidizes MDR on Debit Cards/BHIM UPI/AePS transactions

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The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved subsidizing MDR charges on debit card/BHIM UPI/AePS transactions of value less than Rs.2000 with effect from 1 January 2018, to aid adoption of digital modes of payments by merchants. This shows the commitment of the government to Digital India initiative and comes as a huge relief for the retailers across the country as effectively they will pay zero MDR on accepting digital payments below Rs 2000. Read the official notification here...

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Retailers Association of India (RAI) is the unified voice of retailers in India. A not for profit organization, RAI works with all  stakeholders for creating the right environment for the growth of modern retail industry in India.  Read More.

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