Question
What is the full form of MDR ?
Solution
Merchant Discount Rate is a charge or fee imposed on merchants by a bank for accepting payment from their customers in credit and debit cards every time a card is used for payment. According to recent RBI notification, from January 1 2018, small merchants (turnover upto Rs.20 lakh) will pay a maximum MDR of 0.40% of bill value and larger merchants (turnover greater than Rs.20 lakh) will pay 0.90%.
ALM stands forÂ
The new rupee symbol is presented by the Government of India in
India signed a $126.42 million loan agreement with ADB for tourism development in which district of Uttarakhand?Â
Bank Note Paper Mill India Private Limited was incorporated under which of the following acts?
Repo and Reverse repo rates are two rates set by RBI for .................... ?
Arrangement made for the likely loss in the profit and loss account while finalizing accounts of banks is known as...............................
SWIFT code consists of ________ digits.
Scheduled Banks in India refer to those banks which have been included in the _______ Schedule of Reserve Bank of India Act, 1934.Â
Last six characters in IFSC code denotesÂ
Fiscal Policy in India is formulated by whom?
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