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    UPI fee rollback ruled out, 0.4% MDR to stay

    The Economic Times
    September 16, 2026
    via The Economic Times

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    UPI fee rollback ruled out, 0.4% MDR to stay

    Amid Opposition attacks on the government’s decision to levy a fee on UPI payments above Rs 2,000 made to merchants, government sources said there is no plan to reconsider the 0.4% Merchant Discount Rate (MDR) on such transactions, PTI reported on Wednesday.The decision has drawn strong opposition f

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