New UPI fee rules explained: 0.4% MDR above ₹2,000, ₹5 levy on rail, fuel payments

CNBC-TV18 had reported earlier in the day that the NPCI steering committee was set to discuss MDR for large UPI transactions, with the industry expecting a levy of around 40 basis points above ₹2,000. NPCI has now issued FAQs clarifying the MDR framework for P2M transactions