Petrol dealers seek exemption from new charges on UPI transactions
The finance ministry, which announced the new framework on Tuesday, said a 0.4% MDR will apply to person-to-merchant (P2M) UPI transactions above ₹2,000, while person-to-person transactions will remain free irrespective of value. For fuel and other specified essential sectors, the charge will be a flat ₹5 for transactions above ₹2,000. The MDR will be capped at ₹300 for transactions of ₹75,000 and above.
