BusinessNPCI Clarifies MDR Charges on UPI Payments Above ₹2000
The NPCI announced that from October 15, a 0.4% MDR fee will apply to UPI payments exceeding ₹2000. It clarified whether splitting payments above ₹2000 into multiple transactions of ₹2000 or less can avoid MDR charges. The rules specify that MDR applies to payments over ₹2000 regardless of splitting, ensuring merchants receive the correct fees.
News18 Hindi·3h ago




