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UPI MDR: ‘Not a single penny’ will go to govt; earnings to be shared among banks and other entities, says report | Today News

24 Sep 2026, 17:56 GMT By Kanishka Singharia
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Article UPI MDR: ‘Not a single penny’ will go to govt; earnings to be shared among banks and other entities, says report | Today News
Credit: Kanishka Singharia

The new MDR is scheduled to come into effect from October 15 and will apply only to merchants accepting UPI payments exceeding ₹2,000.