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Policy▼ Bearish for Indian equities
Who Absorbs UPI MDR? NSE CEO Rules Out Govt Talks As 0.02% Fee On Capital Markets Nears Kickoff
The brief
- NSE CEO Ashish Chauhan said there were no government talks on the new UPI MDR
- A 0.02% fee on capital markets is nearing kickoff; brokers and clients will address the cost
- The fee may raise costs for brokers and clients, including investors using Indian capital markets
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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.
Sunday, 27 September
- Who Absorbs UPI MDR? NSE CEO Rules Out Govt Talks As 0.02% Fee On Capital Markets Nears Kickoff