PLI/RPLI MDR (Merchant Discount Rate) Charges from 17.01.2022 | MDR (Merchant Discount Rate) Charges in r/o PLI/RPLI online transactions to be borne by Customers w.e.f.17.01.2022
F.No.56-02/2018-LI. Ministry of Communications. Department of Posts (Directorate of Postal Life Insurance) Chanakyapuri P.0. 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) 0/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. In light of above, MDR charges shall henceforth be paid/borne by the
2. customer/card holder, wherever applicable for the online PLI/RPLI premium payment transactions w.e.f 17.01.2022. This information may be disseminated among sub-ordinate offices,
3 Marketing Staff, Customers and all concerned for their necessary information and compliance. This issues with the approval of competent authority.
