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Policy▲ Bullish for SBI
SBI expects new UPI merchant fee to cover transaction costs and generate a small surplus
The brief
- SBI will charge a merchant discount rate on UPI payments above ₹2,000 from October 15
- The bank expects the fee to cover transaction costs and leave a small surplus
- The fee may add a small revenue stream for SBI, while merchants could adjust payment practices
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| SBIN | Thu, 24 Sept | −1.6% | +0.1% | 1.9× | −1.1% · Nifty −1.3% |
○ Classifier read this as positive; SBIN barely moved against the Nifty on the day it traded.
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UPI MDR rollout and consumer protection
SBI plans to charge MDR on UPI merchant payments above ₹2,000 from October 15, while officials say MDR collections will not cover UPI’s full operating costs and the government and banks will decide a continuing subsidy. The Finance Minister says the fee will be borne within the merchant-payment ecosystem, not passed to consumers; the government is also discussing safeguards with banks.
Thursday, 24 September
Wednesday, 23 September
- SBI expects new UPI merchant fee to cover transaction costs and generate a small surplus