Skip to content
The Mumbai

UPI MDR Relief? Indian Bank May Waive 0.28% Charge On Merchant Payments Above ₹2,000

UPI MDR Relief? Indian Bank May Waive 0.28% Charge On Merchant Payments Above ₹2,000
Photo: Free Press Journal · view original

Mumbai: Indian Bank is considering waiving its share of the Merchant Discount Rate (MDR) on certain UPI transactions, a move that could reduce payment costs for merchants. Indian Bank Managing Director and CEO Binod Kumar said the public sector lender is exploring the possibility of absorbing the...

Sources and story details