Glossary
MDRJune 22, 2025

Meaning of MDR MDR stands for Merchant Discount Rate. MDR is the fee charged to merchants for accepting…

Glossary
Overdraft Account LinkJune 22, 2025

Definition An Overdraft Account Link allows a customer to connect their overdraft account with UPI or a debit…

Glossary
UPI Merchant DashboardJune 22, 2025

Definition UPI merchant dashboard is an online interface provided by banks or payment platforms for merchants to monitor…

Glossary
Bank OmbudsmanJune 19, 2025

Definition The Bank Ombudsman is an official appointed by the Reserve Bank of India (RBI) to resolve complaints…

Glossary
Voice-Based PaymentsJune 19, 2025

Meaning Voice-Based Payments use speech recognition technology to make transactions through spoken commands. How It Works Users give…

Glossary
Base RateJune 19, 2025

Definition The Base Rate is the minimum interest rate set by the Reserve Bank of India (RBI) that…

Glossary
USSD Payments (*99#)June 19, 2025

Full Form & Meaning USSD stands for Unstructured Supplementary Service Data. USSD Payments (*99#) allow mobile banking without…

Glossary
Unified Grievance RedressalJune 19, 2025

Definition Unified Grievance Redressal is a system that helps customers raise and track complaints related to digital payments…

Glossary
Virtual CardJune 19, 2025

Meaning A Virtual Card is a digital version of a debit or credit card created for secure online…