New UPI MDR Explained: Impact on mutual funds, brokers & investors
The implementation of a new 0.02% merchant discount rate will influence certain UPI transactions, including one-time contributions to mutual funds and topping up broker wallets.
Notably, recurring SIPs using UPI AutoPay will remain exempt from this fee.
Discount brokerage firms may see a rise in operational costs, which could lead to indirect cost implications for their clients.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
