UPI Payments for Mutual Funds, Stocks to Attract 0.02% MDR Under New NPCI Framework

Summary

New UPI rules will impose a 0.02% merchant discount rate (MDR) on capital market transactions, including mutual funds and investment platforms, with a cap of Rs 300. This is part of a broader framework by NPCI that also introduces a 0.4% charge for standard person-to-merchant UPI payments over Rs 2,000 and flat fees for other sectors.