Hyderabad hostels halt UPI rent payments ahead of MDR rollout
- Several Hyderabad hostels and PGs have stopped accepting rent payments via UPI ahead of the new MDR framework from October 15.
- Managements are asking tenants to pay rent in cash, while some are charging extra for UPI payments.
- One hostel has asked residents to pay 75% of rent in cash or ₹300 extra for UPI transfers.
- Hostel operators say absorbing the MDR will add to costs as many facilities are already running below capacity.
Source: timesofindia.indiatimes.com
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