Key highlights of govt introducing 0.4% MDR on UPI payments to merchants
The government has introduced a 0.4 per cent fee on UPI payments of more than Rs 2,000 made to merchants from October 15.
Highlights of Merchant Discount Rate (MDR) on UPI transactions
*No Merchant Discount Rate (MDR) to be levied on UPI transactions up to Rs 2,000
*MDR of 0.4% to be levied on Person to Merchant transactions above Rs 2,000
