{"id":1036223,"date":"2026-09-17T09:12:22","date_gmt":"2026-09-17T03:42:22","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1036223"},"modified":"2026-09-17T09:26:13","modified_gmt":"2026-09-17T03:56:13","slug":"capital-markets-get-mdr-relief-brokers-flag-hidden-costs","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/09\/17\/capital-markets-get-mdr-relief-brokers-flag-hidden-costs\/","title":{"rendered":"Capital markets get MDR relief, brokers flag hidden costs"},"content":{"rendered":"<p>The proposed 0.02% merchant discount rate (MDR) on UPI transactions in the capital markets is expected to have a limited impact on retail investors, but could raise costs for brokers depending on the frequency and size of fund transfers. The proposed rate is significantly lower than the 0.4% MDR for other UPI transactions and is capped at Rs 300 per transaction. <\/p>\n<p>\u201cThe headlines around the new UPI charge have understandably focused on the 0.4% MDR, but what deserves equal attention is the decision to carve out capital market transactions into their own category at just 0.02%, capped at Rs 300,\u201d said Dhiraj Relli, MD &amp; CEO, HDFC Securities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The proposed 0.02% merchant discount rate (MDR) on UPI transactions in the capital markets is expected to have a limited impact on retail investors, but could raise costs for brokers depending on the frequency and size of fund transfers. The proposed rate is significantly lower than the 0.4% MDR for other UPI transactions and is capped at Rs 300 per transaction. \u201cThe headlines around the new UPI charge have understandably focused on the 0.4% MDR, but what deserves equal attention is the decision to carve out capital market transactions into their own category at just 0.02%, capped at Rs 300,\u201d [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-1036223","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1036223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1036223"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1036223\/revisions"}],"predecessor-version":[{"id":1036245,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1036223\/revisions\/1036245"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1036223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1036223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1036223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}