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'A Small Fee Won't Impact Volumes': RBI Governor On Upcoming UPI Merchant Charges

NDTV - Trending·7 Oct 2026
'A Small Fee Won't Impact Volumes': RBI Governor On Upcoming UPI Merchant Charges

From Oct. 15 onwards, a Merchant Discount Rate (MDR) of 0.4% will apply to select person-to-merchant UPI transactions exceeding Rs 2,000.

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