{"id":1041669,"date":"2026-10-08T08:34:18","date_gmt":"2026-10-08T03:04:18","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1041669"},"modified":"2026-10-08T08:40:10","modified_gmt":"2026-10-08T03:10:10","slug":"mdr-a-small-fee-will-not-have-major-impact-on-upi-volumes-rbi-guv-malhotra","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/10\/08\/mdr-a-small-fee-will-not-have-major-impact-on-upi-volumes-rbi-guv-malhotra\/","title":{"rendered":"MDR a small fee, will not have major impact on UPI volumes: RBI Guv Malhotra"},"content":{"rendered":"<p>Mumbai: Reserve Bank of India Governor Sanjay Malhotra on Wednesday said levying a &#8220;small fee&#8221; in the form of merchant discount rate (MDR) will not have a &#8220;major impact&#8221; on UPI transaction volumes. <\/p>\n<p>&#8220;As of now, we do not see any drop in volumes. And I don&#8217;t personally think that a small fee will have a major impact on the volumes,&#8221; he told reporters at the central bank headquarters here. <\/p>\n<p>It can be noted that last month, the government allowed charging of the MDR under which transactions above Rs 2,000 will attract a fee of 0.4 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Reserve Bank of India Governor Sanjay Malhotra on Wednesday said levying a &#8220;small fee&#8221; in the form of merchant discount rate (MDR) will not have a &#8220;major impact&#8221; on UPI transaction volumes. &#8220;As of now, we do not see any drop in volumes. And I don&#8217;t personally think that a small fee will have a major impact on the volumes,&#8221; he told reporters at the central bank headquarters here. It can be noted that last month, the government allowed charging of the MDR under which transactions above Rs 2,000 will attract a fee of 0.4 per cent.<\/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":[59,4,10],"tags":[],"class_list":["post-1041669","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1041669","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=1041669"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1041669\/revisions"}],"predecessor-version":[{"id":1041700,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1041669\/revisions\/1041700"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1041669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1041669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1041669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}