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The Hindu

States / The Hindu

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MDR apprehension unlikely to spur higher cash usage: RBI Deputy Governor

From October 15, a 0.4% MDR will apply to person-to-merchant UPI payments above 2,000. The charge will be paid by merchants, not consumers, and will be capped at 300 for transactions of 75,000 or more

18 Sep 2026 10:15 pm