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The Economic Times

Personal Finance / The Economic Times

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MDR charges on 5 key services: Railway tickets, mobile bills, fuel and more

Select UPI merchant transactions will incur a Merchant Discount Rate. However, transactions under two thousand rupees will remain free for small traders. A fixed fee of five rupees will limit the MDR for certain sectors, applying to merchants rather than consumers. Importantly, most UPI payments will still be without charge for users.

18 Sep 2026 4:36 pm