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The Siasat Daily

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UPI payments above Rs 2K may attract MDR after LS passes Bill

New Delhi: Lok Sabha on Thursday, August 6, passed a Bill to amend the Payment and Settlement Systems Act, 2007, that authorises the government to permit banks and other service providers to levy charges on payments through unified payments interface (UPI) and other notified electronic payment modes. The amendment seeks to remove the existing legal 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 .

6 Aug 2026 6:02 pm