BusinessAI imageFinance Ministry Explains New UPI Framework and MDR Charges
The Finance Ministry clarified that the new UPI framework keeps person-to-person transactions free, with no charges regardless of amount. Merchant transactions above Rs 2,000 will incur a nominal MDR of 0.4%, capped at Rs 300 for transactions above Rs 75,000. Essential sectors have a flat Rs 5 MDR. MDR supports payment ecosystem participants and funds UPI adoption among small merchants. Individuals face no usage limits or fees.
Morungexpress··New Delhi


