New UPI MDR rules impose flat ₹5 fee on five categories for transactions over ₹2,000
- The National Payments Corporation of India will impose a flat fee of ₹5 on UPI transactions exceeding ₹2,000.
- The categories subject to this fee include utility payments, education fees, insurance premiums.
- According to the National Payments Corporation of India, the fee structure aims to enhance the sustainability of the UPI.
- The change is part of ongoing efforts to streamline payment processing & ensure equitable pricing for service providers.
Source: moneycontrol.com
Get 100 stories a day on the app
Read, watch & listen · Free on iOS & Android
