Finance
EnglishUPI Payments: What You Need to Know About MDR Fees
Starting October 15, merchants will be charged a fee on UPI payments over ₹2,000, known as MDR. But don't fret, customers pay nothing! Small vendors under ₹1 lakh monthly can accept UPI without fees, while big businesses will pay just 0.4% on larger transactions. So go ahead and shop without worry!