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MDR on UPI Transactions Is No Tax, Just a Wizarding Fee

Finance

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MDR on UPI Transactions Is No Tax, Just a Wizarding Fee

In a land where coins dance like pixies, Finance Minister Nirmala Sitharaman unveils that the Merchant Discount Rate (MDR) on UPI transactions over ₹2,000 is no tax, just a friendly wizarding fee! Merchants, like noble wizards, absorb these charges, ensuring customers feel no pinch. This magical arrangement is between enchanted entities, not a treasure for the Ministry of Magic!

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