UPI MDR From October 15: Trader Groups Appeal To Finance Minister For Deferment
Trader organisations have appealed to the Finance Minister to defer the proposed Merchant Discount Rate (MDR) on select UPI transactions. Under the provision set to take effect from October 15, a 0.4% MDR will apply to merchant UPI transactions above ₹2,000, with MDR capped at ₹300 for transactions of ₹75,000 and above.
