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Trade Body Calls for Rollback of New UPI MDR Charges
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Trade Body Calls for Rollback of New UPI MDR Charges
The Chamber of Trade and Industry (CTI) has called on Finance Minister Nirmala Sitharaman to roll back the proposed UPI MDR on high-value merchant payments. From October 15, 2026, a 0.4% MDR will be levied on eligible person-to-merchant UPI transactions above INR 2,000 with a ceiling of INR 300.
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