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UPI MDR: Where will 0.4% fee go? FM clarifies banks, payment gateways & apps to get a share | Check breakdown
The brief
- Of the 0.4% UPI fee, 40% goes to customer banks, 30% to payment gateways and 20% to UPI apps
- A fee-sharing framework affects Indian banks and payment firms, though the report gives no company-level impact
- ETMarkets Smart Talk| F&O STT, UPI charges and trading costs: Sandeep Neema on the hidden drag on retail returns
- UPI MDR puts big-ticket retail payments in focus
- Repeated ₹2,000 UPI payments for one purchase? Your bank could flag the pattern: What it means
- Credit card charge looks wrong? Know what to do before paying the bill
- UPI MDR explained: Will mutual fund SIPs and lumpsum investments be affected?
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.
Sunday, 27 September
Saturday, 26 September
Friday, 25 September
- UPI MDR: Where will 0.4% fee go? FM clarifies banks, payment gateways & apps to get a share | Check breakdown