UPI MDR, Oct. 13 -- The 0.4% merchant discount rate (MDR) on UPI transactions above Rs.2,000 has been deferred and will come into effect after Diwali, the NPCI said in a statement.

UPI and Services Steering Committee today decided that, keeping in mind the festive season, Merchant Discount Rate (MDR) on select Person-to-Merchant (P2M) UPI transactions, shall be implemented immediately post Diwali at a date to be notified separately

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