State Bank Of India

State Bank of India (SBI), the country’s largest lender, has waived completely, the Merchant Discount Rate (MDR) charges on debit card transactions for all small merchants having annual turnover of up to Rs 20 lakh, for a period of one year -- up to December 31, 2017. This step has been taken with a view to helping small merchants overcome apprehensions towards joining the journey by installation of PoS terminals in their shops.

To build-up the PoS acceptance infrastructure across the country, especially in areas which hitherto had low digital penetration, SBI has been deploying terminals in smaller towns, semi urban and rural areas since beginning.

SBI offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc.