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

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

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Postal Life Insurance: New Promotional and Incentive Structure of PLI/ RPLI

 

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.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 competent authority.

(Hariom Sharma)
Deputy Divisional Manager-II

Copy to: –

1-2 PS to Minister of Communications/ Minister of State for Communications.
3-4 Sr. PPS to Secretary (Posts)/Sr. PPS to Director General Postal Services.
5-12 PPS/PS to Member (Banking)/Member (O)/ Member (P)/ Member (Planning & HRD)/ Member (PLI)/Member (Tech)/ Addl. DG (Co-ordination)/ Secretary (PSB)
13-14 Sr. Deputy Director General (Vigilance) & CVO/Sr. Deputy Director General (PAF)
15-16 CGM (BD)/CGM (Parcel)
17-30 All DDGs, Dak Bhawan
31-60 All CPMGs/Addl. DG, APS/Director, RAKNPA, Ghaziabad/ CGM (CEPT)
64-70 All Director, PTCs/ Director, PLI, Kolkata

 

Source: Click here to view/download the PDF

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