Banks decided not to levy any fees on UPI & RuPay transactions


Indian Banks have decided not to levy any fees on UPI & RuPay card transactions as long as MDR is zero, from January 2020, the govt revoked all MDR charges on digital transactions via RuPay and UPI


State Bank Of India & NPCI have raised concerns since the announcement of zero MDR. They had urged the government to bring uniformity between the RuPay card and its counterparts, Visa and Mastercard.

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