No MDR Charges on UPI Payments Above ₹2000, Banks to Launch Awareness Campaign
The government has announced that no Merchant Discount Rate (MDR) will be charged from customers on UPI transactions above ₹2000. Banks will conduct awareness campaigns to inform users about this change. The UPI fee will be divided into four parts and will not go to the treasury. This move aims to encourage digital payments and clarify tax implications on UPI.
India TV Hindi·7h ago



