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UPI MDR GST: NPCI says small merchants and 96% of transactions remain unaffected from October 15

Source: Business Today

From October 15, merchant payments (P2M) above Rs 2,000 will attract an MDR of 0.4%, subject to an overall cap of Rs 300. A concessional flat MDR of Rs 5 will apply to transactions above Rs 2,000 in specified categories, including railways, telecom services, insurance and fuel.

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This digest is published with acknowledgment to Business Today. For the complete analysis, headnotes, and citations, please refer to the source.

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