Kumari Palany & Co

No transaction fee for card transactions: ICICI Bank

Posted on: 09/Jan/2017 2:30:45 PM
Since the All India Petroleum Dealers Association had announced yesterday that they will not accept credit and debit cards from tomorrow midnight because many banks had decided to levy Merchant Discount Rate (MDR) on petrol pump owners, the ICICI Bank at this juncture said it wasn`t among the banks that were going to charge transaction fees for card swipes from petrol pumps. A company spokesperson said: We are not charging any transaction fee on the card payment from today,