Log In

 
Company : Axis Bank 
Wednesday, November 23, 2016 5:48PM IST (12:18PM GMT)
 
(NSE:AXISBANK)
Axis Bank Announces Waiver on Merchant Discount Rate
Mumbai, Maharashtra, India

In support of Government’s demonetisation scheme and to offer ease and convenience to its merchants and customers, Axis Bank, India’s third largest private sector Bank today waived Merchant Discount Rate (MDR) transaction fees on debit card usage. The bank has waived the service charges on the use of debit cards at Axis Bank terminals (merchant acquiring) effective tonight up to December 31, 2016. Additionally, the bank has partnered with merchants to allow customers to withdraw cash at POS terminals. The bank will also leverage its contact-less technology at POS terminals for faster transactions.

Axis Bank is consistently educating the stakeholders to adopt to digital banking channels. The bank has enabled the local kirana stores, autorickshaws, vegetable & milk vendors and other small ticket size vendors to accept payment digitally through QR code. This digital initiative is offering convenience to the customers and facilitating small vendors to make cashless transactions. The bank has additionally deployed micro ATM facility for cash withdrawal across corporates, Police, Airports & Housing societies.

About Axis Bank

Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.

With its 3,106 domestic branches (including extension counters) and 13,448 ATMs across the country, as on 30st September 2016, the network of Axis Bank spreads across 1,920 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Bank also has nine overseas offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai and Colombo; representative offices at Dubai, Abu Dhabi and Dhaka and an overseas subsidiary at London, UK. The Bank’s website www.axisbank.com offers comprehensive details about its products and services.

 
For News Release background on Axis Bank click here
 
Media Contact Details
Parminder Panesar, Axis Bank, +91- (22) 24251011, Parminder.panesar@axisbank.com
Anand Mugad, Axis Bank, +91- (22) 24252021, anand.mugad@axisbank.com
Sherin Antony, Axis Bank, +91- (22) 24252020, sherin.antony@axisbank.com
Faizan Aboli, Ketchum Sampark , +91-9819110224, faizan.aboli@ketchumsampark.com
Shruti Muddup, Ketchum Sampark, +91-9820651056, shruti.muddup@ketchumsampark.com
 
 
Submit your press release
More News from Axis Bank

10/08/2018 10:56AM

Axis Bank Introduces Iris Authentication Over Micro ATMs for Aadhaar-based Transactions

Axis Bank has become the first bank in the country to introduce Iris Scan Authentication feature for Aadhaar-based transactions through its micro ATM tablets.

25/06/2018 6:37PM Image

Axis Bank Opens New Branch in Kargil, Jammu & Kashmir

Axis Bank, India’s third largest private bank, opened a new branch at Kargil, yesterday. Smt. Shikha Sharma, Managing Director & CEO, Axis Bank, along with Shri Kacho Ahmad Ali Khan, Chief Executive Councillor, LAHDC, ...

08/06/2018 6:01PM

Introducing ‘Axis Aha!’ – an AI-Led Virtual Assistant to Enhance Online Customer Experience

Conversational Banking’ has turned a new leaf with the launch of ‘Axis Aha!’, an efficient virtual assistant powered by cutting-edge technology which includes proprietary Artificial Intelligence and machine learning ...

Similar News

16/08/2018 7:25PM

Zoho Integrates With Uber for Business to Simplify Expense Reporting

Zoho today announced that it will automatically import Uber for Business trip receipts into Zoho Expense, its expense reporting and tracking software. With direct integration between the Uber and Zoho apps, business ...

No Image

16/08/2018 7:22PM Image

Indian Women - the Trump Card to Double-Digit GDP: Says Rajiv Ranjan Singh, CEO, Karvy Stock Broking Ltd

Prime Minister Narendra Modi recently quoted at an event that ‘Financially empowered women are a bulwark against societal evils.’ Mr. Rajiv Ranjan Singh, CEO, Karvy Stock Broking Ltd seconds his opinion and so does the ...