MDR Merchant Discount Rate Charges in r/o PLI/RPLI online transactions to be borne by Customers w.e.f 17 Jan 2022

Merchant Discount Rate

Transfer requests of Postal Service Group B Officers

F.No.56-02/2018-LI
Ministry of Communications
Department of Posts
(Directorate of Postal Life Insurance)

Chanakyapuri P.O. Complex
New Delhi-110021
Dated: 18th January 2022

Office Memorandum

Sub: MDR (Merchant Discount Rate) Charges in r/o PLI/RPLI online transactions to be borne by Customers w.e.f 17.01.2022

In pursuance of para 3(ii) of Department of Expenditure (Ministry of Finance) O/o Controller General of Accounts OM no. R-180001/1/2020-GBA-CGA/918-1068 dated 17.09.2021, “no MDR shall be paid by the Government portal to the Authorized Acquirer Bank and their PGs/PGAs. All MDR charges would be paid by the Customer/Card Holder…”, the necessary orders are being implemented for PLI/RPLI online premium payment transactions.

2. In light of above, MDR charges shall henceforth be paid/borne by the customer/ card holder, wherever applicable for the online PLI/RPLI premium payment transactions w.e.f 17.01.2022.

3. This information may be disseminated among sub-ordinate offices, Marketing Staff, Customers and all concerned for their necessary information and compliance.

This issues with the approval of the competent authority.

S/d,
(Hariom Sharma)
Deputy Divisional Manager-II

Download MDR Charges online PLI/RPLI premium payment transactions w.e.f 17.01.2022 PDF

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