Bhanu Prakash Choudhary

[Bhanu Prakash Choudhary @Bhanu4792]

@docamitoph @vikas_astrofin Micro-Transactions Remain Free: Everyday citizens and small merchants collecting under ₹1 Lakh a month pay ₹0.00. The framework only charges large commercial checkouts above ₹2,000, capped at ₹300 max.(4/n)

[Bhanu Prakash Choudhary @Bhanu4792]

@docamitoph @vikas_astrofin Highways are public infrastructure, but commercial trucks pay tolls. Expecting general taxpayers to indefinitely fund server infrastructure for multi-crore enterprises so that corporations get free payment clearance makes zero fiscal sense.(3/n)

[Bhanu Prakash Choudhary @Bhanu4792]

@docamitoph @vikas_astrofin Cash is Legally Banned for Bulk Invoices: Under Section 269ST of the Income Tax Act, transacting ₹2 Lakh or more in cash carries an automatic 100% penalty. No audited wholesaler will accept cash for truckload deliveries.(2/n)

[Bhanu Prakash Choudhary @Bhanu4792]

@docamitoph @vikas_astrofin This shows a complete misunderstanding of B2B commerce:
Retailers Do Not Pay Wholesalers in Cash: Wholesale invoices run on 15 to 30-day credit windows and are settled directly through NEFT or RTGS. Both are 100% free under RBI rules with zero MDR.(1/n)

[Bhanu Prakash Choudhary @Bhanu4792]

@docamitoph @vikas_astrofin Wholesalers give merchants a window to pay. And they pay via NEFT/RTGS

[Bhanu Prakash Choudhary @Bhanu4792]

@docamitoph @vikas_astrofin Small vendors pay ₹0, and big stores pay one-fourth of card rates. Nobody is shutting down UPI except people misreading WhatsApp forwards

[Bhanu Prakash Choudhary @Bhanu4792]

@docamitoph @vikas_astrofin The Logical Flaw: You're worrying about small shops quitting UPI over a fee that legally does not apply to them, while ignoring that high-ticket shops save massive money compared to cards.(3/n)

[Bhanu Prakash Choudhary @Bhanu4792]

@docamitoph @vikas_astrofin Shops That Exceed ₹2,000 ALL Have Card Machines: Electronics stores, apparel chains, jewelry shops, and supermarkets have had POS swipe machines for decades. For them, replacing a 2% credit card swipe with a 0.4% UPI payment (capped at ₹300) is an 80% direct cost saving.(2/n)

[Bhanu Prakash Choudhary @Bhanu4792]

@docamitoph @vikas_astrofin Read PIB Release ID 2310586 before making up rules

[Bhanu Prakash Choudhary @Bhanu4792]

@docamitoph @vikas_astrofin What Was Called Rumors: The government called claims that consumers would be charged on P2P and everyday checkouts false news. And it is: 96% of merchant transactions and 100% of P2P transfers have ₹0 fee(5/n)

[Bhanu Prakash Choudhary @Bhanu4792]

@docamitoph @vikas_astrofin The ₹300 Hard Cap: On a high-value purchase of ₹1 Lakh, the MDR is capped at flat ₹300 (capped on all transactions \ge ₹75,000).(3/n)

[Bhanu Prakash Choudhary @Bhanu4792]

@docamitoph @vikas_astrofin Crossing ₹1 Lakh a month doesn't magically turn ₹200 grocery bills into taxable transactions.(2/n)

[Bhanu Prakash Choudhary @Bhanu4792]

@docamitoph @vikas_astrofin Daily Volume vs Ticket Size: Even if a grocery shop does ₹10,000 a day, if their customers buy items under ₹2,000 (which is 95% of grocery bills), the merchant pays ₹0 MDR on all of them. (1/n)

[Bhanu Prakash Choudhary @Bhanu4792]

@docamitoph @vikas_astrofin Neither NPCI nor any commercial bank can alter, hike, or levy payment tariffs without gazetted authorization from the Reserve Bank of India (RBI).(2/n)

[Bhanu Prakash Choudhary @Bhanu4792]

@docamitoph @vikas_astrofin The Law Regulating Rates: UPI rates are not private app subscription prices. They are governed under Section 10A and Section 18 of the Payment and Settlement Systems (PSS) Act, 2007. (1/n)

[Bhanu Prakash Choudhary @Bhanu4792]

@docamitoph @vikas_astrofin Petrol Pump Reality: OMC franchise agreements (IOCL, BPCL, HPCL) mandate digital payments. Refusing UPI over a flat ₹5 charge risks contractual action from company territory managers(3/n)

[Bhanu Prakash Choudhary @Bhanu4792]

@docamitoph @vikas_astrofin Customers Just Walk Away: In 'real India,' people don't go hunting for an ATM when a vendor demands cash—they buy from the sabziwala 5 feet away whose QR code works. Losing 60% of daily sales over a non-existent fee is unsustainable(2/n)

[Bhanu Prakash Choudhary @Bhanu4792]

@docamitoph @vikas_astrofin Veg Vendors Pay ₹0: A vegetable seller billing ₹50–₹200 falls under the sub-₹2,000 0% MDR rule AND the P2PM small vendor exemption. Tearing down a QR code to avoid a fee that literally does not exist for them is pure misinformation.(1/n)