BRIEF-India cenbank proposes merchant discount rate

BRIEF-India cenbank proposes merchant discount rate

Last Updated: Thu, Feb 16, 2017 20:40 hrs

Feb 16 (Reuters) -

* India cenbank proposes merchant discount rate cap of 0.30 percent at digital point of sale for small, special category merchants

* India cenbank proposes merchant discount rate cap of 0.40 percent at physical point of sale for small, special category merchants

* India cenbank proposes maximum merchant discount rate of 0.50 percent of deal value above 2001 rupees, with 250 rupee cap for government transactions

* India cenbank says revised merchant discount rate to be effective from April 1 Further company coverage: http://bit.ly/2lnqIVB (Reporting by Promit Mukherjee)



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