After Mastercard, Now RuPay Credit Card hike MDR for Utility category:
RuPay Credit Card Interchange Circular
Kindly take note of RuPay Credit Card Interchange for Classic, Platinum and Select variants on domestic transactions, as mentioned below, applicable from 1st May 2025.
The revised interchange fees for Merchant Category Code (MCC) 4900 shall be as given below:
Also, to standardize the category of transaction, MCC 6529 is assigned for Public Sector Insurance Companies.
1. For domestic interchange on all categories, please refer Annexure A. (GST will be applicable basis a multiplier of 1.1092).
2. The interchange on international transactions, please refer the below annexures:
a. For DFS - Annexure B
b. For JCB - Annexure C.
Domestic interchange for all categories:
Annexure B
For RuPay DFS Credit Card International transactions - interchange as below:
Note: -
1. '1.20% interchange for China.
2. For European Union interchange, kindly refer to NPCI Circular NPCI/2024-25/RuPay/008 dated 1st October 2024.
Annexure C
For RuPay JCB Credit Card International transactions - interchange as below:
Card issued in India & Used overseas - POS/E-com transaction.
Card issued in India & Used overseas - ATM transaction.
RuPay Credit Card Interchange Circular
Kindly take note of RuPay Credit Card Interchange for Classic, Platinum and Select variants on domestic transactions, as mentioned below, applicable from 1st May 2025.
The revised interchange fees for Merchant Category Code (MCC) 4900 shall be as given below:
| Merchant Category Code | Classic | Platinum | Select | Remarks |
|---|---|---|---|---|
| 4900 - Utilities | 1.10% (POS) | 1.85% | 2.02% | Payable by acquirer to issuer |
| 4900 - Utilities | 1.60% (ECOM) | 1.85% | 2.02% | Payable by acquirer to issuer |
Also, to standardize the category of transaction, MCC 6529 is assigned for Public Sector Insurance Companies.
1. For domestic interchange on all categories, please refer Annexure A. (GST will be applicable basis a multiplier of 1.1092).
2. The interchange on international transactions, please refer the below annexures:
a. For DFS - Annexure B
b. For JCB - Annexure C.
Domestic interchange for all categories:
Annexure B
For RuPay DFS Credit Card International transactions - interchange as below:
| Transaction Type | RuPay Classic Card | RuPay Platinum Card / Select Card |
|---|---|---|
| ATM Transactions | $1.10 | $1.10 |
| POS Transactions | 1.20% | 1.80% / 2.00% |
Note: -
1. '1.20% interchange for China.
2. For European Union interchange, kindly refer to NPCI Circular NPCI/2024-25/RuPay/008 dated 1st October 2024.
Annexure C
For RuPay JCB Credit Card International transactions - interchange as below:
Card issued in India & Used overseas - POS/E-com transaction.
| Card Type | Interchange (POS / E-com) | Remarks |
|---|---|---|
| Platinum | 1.875% | Payable by Acquirer to Issuer |
| Select | 1.875% | Payable by Acquirer to Issuer |
Card issued in India & Used overseas - ATM transaction.
| Card Type | Interchange | Remarks |
|---|---|---|
| Platinum | $2.25 | Payable by Issuer to Acquirer |
| Select | $2.25 | Payable by Issuer to Acquirer |
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