npci

BREAKING: 🇮🇳 UPI payments above ₹2,000 will get a 0.4% MDR from October 15. #NPCI

• UPI P2P payments remain completely free

• MDR applies to select Person-to-Merchant (P2M) transactions only #UPIpayments

• MDR capped at ₹300 for payments of ₹75,000+

• Payments to specific merchants such as railways, telecom services, insurance and fuel will attract a flat fee of 5 rupees #india

The move is aimed at funding UPI infrastructure, cybersecurity and innovation.
$AIN - $AKE - $POWER