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UPI MDR Rules from Oct 15: What Gets Charged and What Stays Free

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New Merchant Discount Rate (MDR) rules for UPI transactions will come into effect from October 15. Person-to-person transfers, such as payments to friends and family, will remain completely free of charge. Auto-debits and UPI mandates are also exempt from the new MDR framework. Certain merchant transactions will attract either a flat fee of Rs 5 or a 0.4% charge depending on the transaction type.

Read the full story at Times of India

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