UPI Payment: Finance Ministry Rules Out Charges Up to ₹2000!

Описание: UPI Payment: Finance Ministry Rules Out Charges Up to ₹2000!

The Ministry of Finance has officially released a new notification regarding UPI transactions and RuPay debit card payments.

In this video, we break down what the new rules mean for consumers, small shopkeepers, and large merchants:

Payments Up to ₹2,000: Banks and payment aggregators cannot levy any direct or indirect charges.
Person-to-Person (P2P) Transfers: UPI remains 100% free for everyday users.
What is MDR (Merchant Discount Rate)? Why Parliament passed the bill to enable MDR for large commercial merchants to improve payment infrastructure and security.
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