Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now

You can switch off notifications anytime using browser settings.

No charges on digital payments made to large biz establishments from Nov 1

Have something to say? Post your comment

Comments are moderated and will be allowed if they are about the topic and not abusive.

Characters remaining (1500)

its really a welcome decision and win win for all.

More pressure on Judges .Vacancy and less number of Judges .Lack of expert staff and infrastructure in the court .Single judges are in -charge of more and court .Rich and influential person get judgement soonly by their expertise etc and many more


No MDR charges to be levied if at all government wants to promote digitization or to the maximum only service charges of Rs 20 or 25 for making the industry sustainable

Am (Noida)

in rto 20000 rupees have to be paid in cash only, no upi or other electronic transfer


First, nothing comes free. Solution, System and People are also involved in Digital Payment Industry.Role of Govt is to rationalize to prevent monopolies and undue pressure. It is also industry and generate job and revenue. GOVT is using Power mode instead of consulting way of doing things. FM approach is undemocratic and none business friendly.


Small is always deprived. That''s why Micro Industries are in tailspin. Small are collectively used and thrown away. This step will reduce the sale of small and increase the sale of bigs.


Madam kindly don''t implement complicated computer jargon like ''if'', ''then'', ''else'' be clear to public. Just say YES or NO. Not if 50cr turnover 100 crore turnover. Make it 100% free transactions for digital payments. Because after it is your govt imposes fines and charges to visit banks .. reducing staff of banks thereby reducing employment at banks... reducing visible vurrency there by dependency on digital payments. So why fine again for digital payments.?


will this include the miserly convenience fee charged by the airline industry?


Difficult to understand the logic of this rule... If the government seriously wants to promote digital payments it should give the waiver of mdr charges to small retailers and businessmen who deserve it more than the rich and fat bussinessmen who can easily absorb it...


Why should small establishments absorb MDR costs? How is this even fair? The field is being tilted even more for the benefit of larger businesses.

Other useful Links

Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service