UPI MDR 'inevitable' amid surge in digital payment adoption, says Zerodha's Nithin Kamath

(0)
News

Zerodha CEO Nithin Kamath on Wednesday backed the recently introduced Merchant Discount Rate (MDR) on person to merchant UPI payments and said it was probably required as the digital payment system gained widespread adoption.

Leave a Reply Cancel reply

Gold and silver price today, Sept 16: Check retail rates of 24K, 22K gold and 999 silver in Delhi, Mumbai, other cities
Gold prices in India rose nearly 0.65% today amid US-Iran conflict uncertainties. Check retail rates of both gold and silver in top metro cities of India today. 
UPI MDR from October 15: Will your mutual fund SIP, insurance premium or OTT AutoPay get costlier?
UPI will introduce MDR on select merchant payments above ₹2,000 from 15 October, but the new charge does not apply uniformly to all UPI transactions. Mutual fund SIPs through UPI AutoPay remain outside the prescribed MDR, while one-time capital-market payments get a lower 0.02% rate.
UPI MDR from 15 October: How merchant charges compare with credit, debit card fees and credit-linked UPI
From 15 October, NPCI's new MDR policy will apply to certain UPI transactions. Here's how the merchant charges compare with credit card and debit card fees, and credit-linked UPI. 
Got a stipend while studying? ₹18.34 lakh ITAT case explains when students can claim income-tax exemption
A postgraduate medical student received ₹18.34 lakh as a stipend from Aligarh Muslim University, but the Income Tax Department treated it as taxable salary. The Delhi ITAT held that the stipend was linked to her education and compulsory residency training and allowed the Section 10(16) exemption.
More households are moving up income ladder: How India's wealth pyramid could change by FY31
India’s income pyramid is shifting rapidly, with millions of households moving into higher-income brackets. As earnings rise, spending patterns, savings and investment behaviour are also changing. 
5 simple money lessons from The Intelligent Investor by Benjamin Graham: Market moods, picking stocks and more
Benjamin Graham’s The Intelligent Investor advises on understanding investments through careful examination. Check out these 5 simple money lessons from the celebrated book.
Government clarifies credit card-linked UPI payments exempt from 0.4% fee
The clarification comes ahead of the revised UPI fee structure, which is scheduled to take effect from October 15. Under the new framework, a 0.4% MDR will be applicable to certain direct account-to-merchant-account UPI payments above ₹2,000, with the fee capped at ₹300 per transaction
Same mutual fund category, different capital gains tax? How a scheme's portfolio can change your tax bill
Mutual fund investors cannot always rely on a scheme’s category to determine capital gains tax. The actual portfolio allocation and tax classification can change the holding-period threshold and tax rate. Here’s what investors should check before redeeming.
NPS Vatsalya: Rules for withdrawal and exit from scheme, explained
National pension scheme: The NPS Vatsalya Scheme allows children below 18 years to partially withdraw funds from their accounts under certain circumstances. We take a look at the process and how it works…
Large & mid-cap mutual funds vs separate portfolio split: How do their returns compare over 1, 3 and 5 years?
Large & mid-cap funds offer investors a single-fund route to large and mid-cap stocks. But how do their returns compare with pure large-cap and mid-cap funds, and what does their portfolio allocation reveal about the differences?

UPI MDR 'inevitable' amid surge in digital payment adoption, says Zerodha's Nithin Kamath

Leave a Comment

Leave a Reply Cancel reply