UPI Payments Above Rs 2,000 Face 0.4% MDR, Know- Who Will Actually Pay?

Certain transactions will soon incur a fee. A revised framework sets a charge of up to 0.4 percent for payments exceeding a specific amount. This change affects payments made to merchants.

The charge is capped at a certain amount per transaction. Some categories, like fuel and insurance, will face a different fee structure.

Consumers are exempt from these charges, and some types of transactions will remain free. Further details about the revised framework are available from the source.