What is dbd charges?
1 Answer(s) Available
Answer # 1 #
DBD is a fee paid by a merchant to banks and non-bank companies for providing zero-interest EMI payments facility whereas MDR is paid by merchants to a bank via which a card payment has been made. DBD is a fee paid by a merchant to banks and non-bank companies for providing zero-interest EMI payments facility whereas MDR is paid by. Personal loan fees & other charges - Know about foreclosure charges, annual maintenance. Simply divide the total amount of purchase with the loan tenor opted for, pay a few installments upfront along with a nominal processing fee and off you go with. In one they charged processing fee which RBI says is a way to camouflage the interest element in the loan and in the other (subvention scheme).
