Home National SBI waives MDR on Master and Visa Debit Cards Mumbai

SBI waives MDR on Master and Visa Debit Cards Mumbai


State Bank of India has been taking every measure to reduce the transitory inconvenience to our customers, as also general public, consequent to withdrawal of Rs.500/- and Rs. 1000/- denominations of banknotes by the Government of India w.e.f 9th Nov, 2016, vide their Gazette Notification no. 2562 dated the 8th Nov, 2016.State Bank of India has been offering very convenient electronic and digital payment solutions to its customers like Debit Cards, Pre-Paid Card, State Bank Buddy, Mingle, as well as Internet Banking and Mobile banking. The Bank has also strengthened its Acquiring Infrastructure to ensure seamless transactions, as also to supplement cash dispensation to customers through its innovative solutions like Cash@PoS. In order to facilitate usage of digital channels, SBI has already waived the MDR on the RuPay Debit Cards. With a view to encourage the usage further, Smt Arundhati Bhattacharya, Chairman, State Bank of India, today announced that SBI will waive MDR on Master and Visa Debit Cards also, with immediate effect upto 31st Dec, 2016.


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