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Lesson-22 IAS PT-2018 Merchant Discount Rate(MDR)
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Very important topic for PT-2108 Merchant Discount Rate(MDR)

Rishi Jain
MBA,PGDFM Author of Bhavishya Arthik Patrika(for Civil Services), worked in SBI group for 7 years, teaching indian economy to UPSC student

U
Unacademy user
Sir in the time table you have mentioned about microeconomics... Do we really need to go through that too because the questions asked are from macroeconomics...?
  1. MERCHANT DISCOUNT RATE(MDR)


  2. DETERMINED BY RBI DEBIT CARD AND CREDIT CARD SWAPPING Charge by bank from the trader . Trader and Retailer charge it to the customer


  3. RETAILER-UPTO Rs 2000-0.75% and more than Rs 2000-1% . Rattan P WATTAL COMMITTEE FROM 1ST JAN 2018 GOVERNMENT WILL BEAR CHARGE Upto Rs 2000/ Credit card charges are not beared


  4. FOR TRADER UPTO 20 LAC TURNOVER-0.4% AND QR CODE-0.3%(NOT MORE THAN 200 RUPEES) MORE THAN 20 LAC TURNOVER-0.9% AND QR CODE-0.8%(NOT MORE THAN 1000) . .


  5. Consider the following statement: 1. Merchant Discount Rate is determined by Government 2. The highest rate of MDR is 0.9% for trader and the lowest rate is 0.3% for trader 3. Rattan P Wattal committee has appointed for digital payment. Which of the statement is/are correct? a.2 and 3 b. only3 c. only1 d. 1,2 and 3