PoliticsSupreme Court to Hear Plea Against MDR on UPI Payments Over ₹2,000
The Supreme Court will hear a plea on Monday challenging the Centre's decision to impose a Merchant Discount Rate (MDR) on UPI transactions above ₹2,000. The government introduced a 0.4% fee on merchant payments over ₹2,000 from October 15, capping MDR at ₹300 for payments above ₹75,000. Essential sectors pay a flat ₹5 MDR, while person-to-person transfers remain free.
Hindustan Times·2h ago·New Delhi


