A corporate lawyer. Trade & investment is passion. Spiritual path & mediation is my core strength. I love to travel & explore & like to connect people..
@heistkid@INCIndia Dreaming is good. 220 seats? Isn't it less. I am predicting clearly majority. Dream Big. Also let us know what do you smoke before tweeting?🤔
@Incognito_qfs Repeat after repeate congress & Rahul Gandhi proved what mentality they carry. His complete downfall is loading. Wait for 2029. Rest Mahadev will take care.
@RKRadhakrishn Hey Dumb ass tmrw if someone make fun of you whole India will enjoy for those few moments as well. People are too smart. So relax & wait for 2029. Vibrit Budhi vinashak kal loading.
New UPI rules explained.
If you send money to another person.
You pay ₹0.
For example:
You send ₹500 to your friend : No charge
You send ₹10,000 to your mother: No charge
You send ₹1 lakh to someone: No charge
If you pay a shop or a business
The customer still pays ₹0.
The charge, called MDR, Merchant Discount Rate is charged to the merchant, not you.
For example, suppose you buy a ₹10,000 television and pay through UPI.
You pay: ₹10,000
Merchant receives: ₹9,960 if the 0.4% MDR applies
₹40 is the MDR.
So you don't see an extra ₹40 deducted from your bank account.
If the transaction to the Merchant 8s below ₹2000. He gets the full ₹2000 amt. No MDR is charged to the merchant.
For small businesses, small merchants receiving up to ₹1 lakh per month through QR code payments remain at zero MDR.
So hawkers, roadside vendors are not charged MDR.