The government has introduced a 0.4 per cent fee on UPI payments of more than Rs 2,000 made to merchants from October 15. Under this, a merchant discount rate (MDR) of 0.4 per cent is to be levied on person-to-merchant transactions of above Rs 2,000. However, no MDR is to be levied on UPI transactions of up to Rs 2,000.
"The decision had already been taken and there was “no question of reversing it”, the government source said.
The complainant alleged that he was charged Rs 25 for a one-litre packaged drinking water bottle having a maximum retail price (MRP) of Rs 18.
UPI rate of 0.4% to be levied on merchant transactions above ₹2,000 | India News
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