MDR apprehension unlikely to spur higher cash usage: RBI Deputy Governor
From October 15, a 0.4% MDR will apply to person-to-merchant UPI payments above ₹2,000. The charge will be paid by merchants, not consumers, and will be capped at ₹300 for transactions of ₹75,000 or more
· 9/18/2026, 4:45:48 PM· 2 min read
From October 15, a 0.4% MDR will apply to person-to-merchant UPI payments above ₹2,000. The charge will be paid by merchants, not consumers, and will be capped at ₹300 for transactions of ₹75,000 or more
Read original story →
