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Today is Bhaidooj and with this the festive season has ended. Now everyone’s eyes are on the new rules of UPI. From tomorrow, a shopkeeper may have to pay 0.4% Merchant Discount Rate (MDR) if he purchases more than ₹2,000 through UPI. Earlier NPCI was going to implement these new charges from October 15, but…
Today is Bhaidooj and with this the festive season has ended. Now everyone’s eyes are on the new rules of UPI. From tomorrow, a shopkeeper may have to pay 0.4% Merchant Discount Rate (MDR) if he purchases more than ₹2,000 through UPI. Earlier NPCI was going to implement these new charges from October 15, but…
Today, on September 28, the Supreme Court will hear the PIL related to charging on UPI payments. The government has decided to impose 0.4% fee on payments above Rs 2,000. The new system is to be implemented from October 15. In the petition, a demand has been made to cancel the collection of this fee….
Today, on September 28, the Supreme Court will hear the PIL related to charging on UPI payments. The government has decided to impose 0.4% fee on payments above Rs 2,000. The new system is to be implemented from October 15. In the petition, a demand has been made to cancel the collection of this fee….
0.4% fee i.e. MDR on UPI payments above Rs 2,000 will not be charged from customers. According to government sources, not a single penny of MDR will go to the government treasury. This amount will be distributed among the banks and other institutions associated with the UPI system. The government rejected the allegation of opposition…