Merchant Discount Rate Charges : MDR Charges in r/o PLI/RPLI online transactions to be borne by Customers w.e.f.17.01.2022
Ministry of Communications
Department of Posts
(Directorate of Postal Life Insurance)
Chanakyapuri P.O. Complex
Dated: 18th January 2022
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 competent authority.
Deputy Divisional Manager-II