Indian Bank is considering waiving the 0.28% acquiring bank charge (MDR) for merchants instead of collecting it

Thu 1 Oct 2026

Acquiring bank charge

0.28 percent

Heard on business television between 12:40:28 - 12:43:28 IST.

• Indian Bank MD said the bank currently earns nothing from UPI transactions but benefits hugely from reduced cash handling and manpower logistics.
• He said the bank would not mind waiving the acquiring bank charge fully or partially if it makes business sense, subject to board approval.
• He clarified there will be no negative impact from this move, as it is aimed at customer acquisition.
• Anchor noted this could expand the bank's merchant base, who are also depositors and potential working capital loan customers.

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