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The Siasat Daily

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UPI business transactions above Rs 2,000 may attract charges

Hyderabad:The government is likely to allow banks and payment service providers to levy a charge of 0.25 to 0.4 per cent as merchant discount rate (MDR) on UPI payments above Rs 2,000 made to businesses, while keeping person-to-person transactions out of its scope, officials said. The Taxation and Other Laws (Amendment) Bill, moved by Union Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .

5 Aug 2026 8:19 am