Mint Explainer | Will MDR hit UPI payment transaction volumes?
Transactions of over ₹2,000 in essential and thin-margin sectors, including railways, telecommunications, insurance, fuel, utility-bill payments, educational fees and agricultural inputs, will attract a flat MDR of ₹5 per transaction. Payments relating to mutual funds, securities, stockbrokers and dealers will attract a lower MDR of 0.02%, capped at ₹300.
