New MDR on UPI Transactions Above Rs 2,000 to Begin October 15
Starting October 15, a merchant discount rate (MDR) of 0.4% will apply to Unified Payments Interface (UPI) transactions above Rs 2,000, capped at Rs 300 for transactions over Rs 75,000. This fee aims to help banks and payment service providers recover costs associated with processing growing UPI volumes. State Bank of India, as a major issuer and acquirer, expects to recoup costs and generate surplus revenue. The government states the fee targets a small transaction share and excludes individual-to-individual payments.
First-hand measurement across 5 sources
We measured how 5 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (57/100). Lens Score 39/100.
Outlets measured: businessstandard, thefinancialexpress, economictimes, economictimes, businessstandard. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (50–62/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
businessstandard broke this story on 22 Sept, 04:17 pm. Other outlets followed.