SBI Waives Debit Card Charges For Small Merchants For One Year

SBI has decided to completely waive off Merchant Discount Rate (MDR) charges on debit card transactions for all small merchants having an annual turnover of up to Rs 20 lakh till the end of the year.
SBI said the move will help small merchants adopt PoS terminals in their shops. It’s targeted primarily at a segment of population and small merchants, who have not yet experienced the convenience of card payments, the bank said.