April 26, 2026 10:20 am (IST)
Follow us:
Axis Bank announces waiver on Merchant Discount Rate
Mumbai, Nov 23 (IBNS): In support of Government's demonetisation scheme and to offer ease and convenience to its merchants and customers, Axis Bank on Wednesday waived Merchant Discount Rate (MDR) transaction fees on debit card usage.
The bank has waived the service charges on the use of debit cards at Axis Bank terminals (merchant acquiring) effective from Wednesday night up to Dec 31, 2016.
Additionally, the bank has partnered with merchants to allow customers to withdraw cash at POS terminals.
The bank will also leverage its contact-less technology at POS terminals for faster transactions.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Big boost for Mumbai drivers! Piyush Goyal launches Bharat Taxi mega onboarding drive
Sat, Apr 25 2026
Microsoft stuns workforce with first-ever voluntary buyout plan for 7 pct of U.S. employees: Reports
Sat, Apr 25 2026
Vee Technologies’ engineering division delivers 3,000th fire truck design for the US
Fri, Apr 24 2026
Nissan Motor India, Avis India announce partnership for leasing and subscription-based solutions
Fri, Apr 24 2026
Infosys shares extend losses to 6% post Q4 results
Fri, Apr 24 2026