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UPI MDR on loan repayments: What charge applies to EMIs and who bears it? Here's what borrowers need to know

From 15 October, UPI transactions of more than 2,000 for debt collection, including loan repayments and EMI collections, will attract a 5 MDR. The charge is on the merchant side, not the borrower. Heres how it applies to EMIs, AutoPay and credit-linked UPI payments.