MDR waived for debit card transactions at ICICI Bank merchants
It is effective from Wednesday till Dec 31. Further, customers of ICICI Bank will continue to enjoy usage of their debit cards without any charge to them as has always been the case.
With this announcement, merchants serviced by IMSL will be able to accept payments on all Visa, Mastercard and RuPay debit cards without any cost to them, thus facilitating greater adoption of card based payments in the country in the wake of the demonetisation move.
This announcement comes a day after ICICI Bank waived MDR on RuPay debit cards.
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