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