trending Market Intelligence /marketintelligence/en/news-insights/trending/5VbtjaC7kapPqH8K2IIarg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Indian central bank proposes new rules on debit card transactions for merchants

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Indian central bank proposes new rules on debit card transactions for merchants

The Reserve Bank of India proposed changes to the rules governing how much banks charge merchants for debit card transactions in order to foster more transactions among smaller merchants.

The central bank said in draft rules released Feb. 16 that it proposed to link the merchant discount rate to the annual revenue of the merchant, as opposed to a current flat rate charged on all transactions.

The central bank proposed to create four different classes of merchants based on their turnover rates. Small merchants with annual turnover of less than 2 million Indian rupees and those under a special category will be charged a discount rate of up to 0.4% on physical transactions and 0.3% on digital transactions.

All other category of merchants with annual transactions over 2 million rupees will be charged a discount rate of up to 0.95% for physical transactions and 0.85% for online transactions.

For government transactions, the RBI proposed a flat fee of 5 rupees for transactions valued at 1 rupee to 1,000 rupees. Transactions worth 1,001 rupees to 2,000 rupees will be charged 10 rupees. Transactions above 2,001 rupees will be charged with a 0.5% merchant discount rate.

As of Feb. 16, US$1 was equivalent to 67.04 Indian rupees.