UPI MDR Fees: 0.40% MDR will be charged on payments above Rs 2000, maximum limit fixed at Rs 300 per transaction.

New Delhi, 15 September. The Steering Committee of Unified Payments Interface i.e. UPI decided in a meeting on Tuesday that now 40 basis points (bps) merchant discount rate (MDR) has been fixed on UPI payments of more than Rs 2,000. Its maximum limit on every transaction will be Rs 300. This rule is Rs 75,000 (…)