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RBI/2018-19/210
DGBA.GBD.No.3089/43.33.001/2018-19
June
13, 2019
To
All Acquiring Banks of Debit
Card/ BHIM UPI/ BHIM Aadhaar Pay transactions
Dear Sir
Scheme for Reimbursement of MDR-
withdrawal of RBI circulars
Please refer to our following
instructions on the MDR reimbursement schemes:
i.
Circular no. RBI/2016-17/228
DGBA.GAD.No.2128/44.02.001/2016-17 dated February 16, 2017
ii.
Circular no. RBI/2017-18/55
DGBA.GBD.No.505/31.02.007/2017-18 dated September 7, 2017
iii.
Letter
no. DGBA.GBD.No.2773/43.33.001/2017-18 dated May 4, 2018
iv.
Letter
no. DGBA.GBD.No.470/43.33.001/2018-19 dated August 23, 2018
2. It has been decided that
reimbursement of MDR claims will be handled directly by Ministry of
Electronics and Information Technology (MeitY) w.e.f. January 01, 2019. In
view of this, the above mentioned circulars/letters issued by Reserve Bank
of India stand withdrawn from the date of this circular.
Yours faithfully
(Charulatha S Kar)
Chief General Manager
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