The National Payments Corporation of India (NPCI) announced a merchant discount rate (MDR) for UPI transactions. Under the new system, a 0.4% MDR will apply to eligible person-to-merchant (P2M) UPI transactions above Rs 2,000. For transactions of Rs 75,000 or more, the charge will be capped at Rs 300 per transaction. However, charges on Person-to-Person (P2P) transfers are always free, regardless of amount. Vendors earning up to ₹1 lakh per month via UPI QR codes continue to enjoy zero charges. Over 95% of merchant payments are below ₹2,000 — these remain free. Only larger merchant transactions above ₹2,000 attract a small fee (0.4%) to be borne by merchants, far lower than credit card charges or other network charges. Similarly, Railways, fuel, telecom, bill payments, insurance, etc have a flat fee of ₹5 per transaction above ₹2,000. Post navigation State Denies Dara Singh’s Release: ଦାରାଙ୍କୁ ଛାଡ଼ିବା ପାଇଁ ଚାହୁଁନାହାନ୍ତି ‘ହିନ୍ଦୁ’ ସରକାର ! Gallantry Sena Medal Awardees to Get Lifetime Free Train Travel
