UPI Charges

Centre Strongly Rebuts Opposition Allegations, Affirms Full Policy Sovereignty:

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The Central Government on Wednesday firmly pushed back against allegations raised by opposition parties claiming that the introduction of the Merchant Discount Rate (MDR) on UPI transactions was executed under international coercion. Issuing an official clarification from New Delhi, the Union Ministry of Finance categorically stated that all structural decisions governing the Unified Payments Interface … Read more

UPI New Rules: MDR Charges, Fuel, Insurance, Bills And Railway Payments Explained

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The new UPI framework has introduced changes to how certain merchant transactions are charged, including a 0.4% merchant discount rate (MDR) for specified transactions above Rs 2,000. However, customers will not have to pay the MDR, according to the government. UPI payments between individuals will continue to remain free regardless of the transaction amount. Person-to-merchant … Read more