New charges on UPI payments: Here’s what you will be charged for stock market investments
The Merchant Discount Rate for UPI payments in capital market transactions has been set at a nominal 0.02% of the transaction value, with a maximum cap of Rs 300, keeping the fee lower than standard commercial transaction rates to support retail participation in formal financial markets.
The MDR will apply to capital market-related payments, including payments towards mutual funds, securities, stockbrokers and dealers. UPI is one of the key payment channel for retail investors. It is widely used for IPO applications, mutual fund transactions and transfers linked to broking accounts.
