UPI Payment Fees | UPI Charges To Be 0.4% For Some Payments Above Rs 2,000. Free For Consumers

India's click-and-pay UPI services will attract a fractional charge above Rs 2,000 for merchant payments, the government has notified, though it ruled out charges on person-to-person transactions. The new UPI Merchant Discount Rate (MDR) framework will be effective from October 15. The new framework suggests a 0.4% charge will be levied on such transactions made by consumers to merchants, the National Payments Corporation of India (NPCI) has stated in its new rules for Unified Payments Interface (UPI). This charge is capped at Rs 300 per transaction, one that the Finance Ministry has advised banks to ensure merchants don't pass on to consumers. #UPI #DigitalPayment #NPCI #NDTVDigitalOriginals About NDTV (English news channel): NDTV is India's Most-Trusted News Broadcaster with the latest updates in news, sports, entertainment and much more from within India and around the world. Watch big political debates, exclusive entertainment interviews, news bulletins, current affairs, talk shows and tech reviews with our 24x7 news live streams, packed with credible information across all platforms: TV, Internet and Mobile. For Latest Videos, click here: https://www.youtube.com/playlist?list=PLYSfYVdrOZvh5iPadUPTAg3sxFD_DZpT_ To watch NDTV's premium shows listed together for your easy access, click here: https://www.youtube.com/@NDTV/playlists?view=50&sort=dd&shelf_id=5 For Ground Reports and Analysis from NDTV's reporters and anchors of day's top news stories, click here: https://www.youtube.com/playlist?list=PLYSfYVdrOZvgHr6OHiZYKbr_21MOmvk04 For News in Shorts, click here: https://www.youtube.com/playlist?list=PLYSfYVdrOZvjJ8fhLPk_Fz4tFARkpG-Y- Subscribe to our channel to get latest news updates. Follow us on Social Media: Like us on Facebook: https://www.facebook.com/ndtv/ Follow us on Twitter: https://twitter.com/ndtv/ Follow us on Instagram: https://www.instagram.com/ndtv/ Follow us on WhatsApp: https://whatsapp.com/channel/0029Va4lixw7z4kcvZI9JM12 Join NDTV on Telegram Messenger: https://t.me/NDTVbot/?start=hi Follow us on Google News for Breaking and Latest News Updates: NDTV: https://bit.ly/3e5ngbP NDTV India (Hindi News): https://bit.ly/3mNVwMY Download NDTV Mobile Apps: http://www.ndtv.com/page/apps #BreakingNews #LatestNews #TodayNews #News #IndiaNews #NDTV #CurrentAffairs $MetaTags$1#Digital Original4#Shubh Bhardwaj$MetaTags$