SME Times is powered by   
Search News
Just in:   • Majority of working professionals welcome cracker ban in Delhi-NCR: Survey  • UK PM travels to Brussels to reactivate Brexit negotiations  • US, Pakistan, China hold talks in Muscat on Afghanistan  • Sensex, Nifty close at record highs  • Pradhan to visit Japan for LNG meet, ink cooperation on gas 
Last updated: 10 Jan, 2017  

SBI.9.THmb.jpg SBI waives card transaction fee for small merchants

SBI SME Loan
   Top Stories
» Wholesale price inflation eases in Sep to 2.6 pc
» 'Govt never talk about announcing fiscal stimulus package'
» 'Centre working on mechanism to speed up GST refund for exporters'
» 'Positive exports growth in 26 out of 30 major product groups in Sep'
» Exports rise for 13th straight month, grow 26 pc in September
SME Times News Bureau | 10 Jan, 2017
In a bid to boost digital transactions, the State Bank of India (SBI) on Monday said it has waived off the card transaction fee or the Merchant Discount Rate (MDR) charges till the end of this year for small traders with an annual turnover of Rs 20 lakh.

"State Bank of India has decided to waive completely the MDR charges on debit card transactions for all small merchants having annual turnover of up to Rs 20 lakh, for a period of one year i.e. up to December 31, 2017," the state-run lender said in a statement.

The move is targeted primarily towards a segment of population and small merchants, who have not yet experienced the convenience of card payments, it said. 
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
65.95
64.30
UK Pound
87.75
84.85
Euro
77.85
75.20
Japanese Yen 58.75 56.80
As on 17 Oct, 2017
  Daily Poll
Small traders even below the threshold limit too should register under GST system?
 Yes
 No
 Can't Say
  Commented Stories
» Starting an import export business: Basic guide for beginners(22)
» GST revamp: Relief to exporters, SMEs(14)
» Collateral free loans available for MSMEs: Minister(3)
» Can PM's advisory council revive growth?(2)
» Relief for MSMEs: MUDRA promotion drive to start from Sep 27(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter