UPI Mutual Fund Payments to Face 0.02% MDR from October 15

A 0.02% Merchant Discount Rate will apply to UPI payments for mutual funds and capital-market transactions from October 15, capped at ₹300 per transaction. The Finance Ministry and NPCI say merchants, not investors, should bear the cost. Experts warn investors could still be affected if platforms pass it on through checkout or subscription fees.