The introduction of MDR on large-value UPI transactions (i.e., above ₹2,000) is an important step towards strengthening the long-term sustainability of India’s digital payments ecosystem. It will help UPI in continuing to scale, innovate and serve consumers and businesses across the country.
A fair and appropriate distribution of MDR across ecosystem participants will support continued investment in technology, infrastructure and acceptance networks. This, in turn, can enable wider UPI acceptance, deepen the customer base and support sustained growth in transaction volumes.
Importantly, all UPI transactions - P2P and P2M - shall remain free for users. P2M UPI transactions below ₹2,000 will continue to remain free for merchants, while MDR may be levied on merchants for P2M .
RBI remains committed to ensuring that UPI continues to be safe, seamless, affordable, and accessible, while supporting the long-term sustainability and growth of India’s world-class digital payments ecosystem.
WE’RE TAXING THE SAME RUPEE 3 TIMES NOW?
💰 Earn → Income Tax
🛒 Spend → GST
📱 Pay → Transaction charge
Then WHY THE HELL ARE WE TAXING INCOME IN THE FIRST PLACE?
Middle-class Indians aren’t ATMs. Stop squeezing every stage of our hard-earned money
#AbolishIncomeTax
Ladli behan yojna k liye -- paise hai ✅
Netavo k pension k liye --- paise hai ✅
Vidhayak kharidne k liye -- paise hai ✅
Rally krne k liye -- paise hai ✅
G20/BRICS k liye -- paise hai ✅
Media kharidne k liye -- paise hai ✅
Lekin UPI Infrastructure chalne k liye inki ganne ki tel nikal gyi hai ❌
India mein koi 5 minutes number Google kar le to doodh ka doodh paani ka paani ho jaye.
RBI surplus to Govt : ₹2.87 Lakh Crores (US$30 Bn)
Total listed bank profits : ₹4.11 Lakh Crores (US$42 Bn)
NPCI - which runs UPI pre tax ‘surplus’ : ₹ 1,888 crores (US$200 Mn)
To nuksaan kis ka ho raha hai UPI se aur kaunsi subsidy de rahi hai Govt UPI pe jo chubh rahi hai?
Cost of running ATMs and cash logistics in India is ₹30,500 crores (US$ 3.0 Bn). If you want to optimise shut ATMs and promote UPI instead.
Any levy on UPI is just tax collection. UPI is the one scientific achievement of India everyone acknowledges par ab tax ki bali chadhegi.
Millennials are now sandwiched between a generation that believes everything they read on WhatsApp and a generation that believes everything they see on Instagram.
As per data-
I am among top 2% earners in India
Yet, I cannnot afford to
> buy 2 BHK in HYD gated community
> stay in premium hotels for long duration
Why so?
cause this data is BS
There’s a parallel black economy in India
Where many earn more than me & never paid taxes
@ADeshmukh41138@canarabank@canarabank is this how your employees treat customer? It is mind boggling that customer complain about issues in service and your employee tell them to close the account? Such arrogance comes from the thinking that nothing happen to her. Pls take action
@dvorak1214@aryakthinks litre paani ek litre fuel ke liye. Rice-wheat plate se nikaal ke tank mein daal rahe. ₹2 lakh crore "savings" ka claim, lekin tumhara tank jaldi khali aur farmers ko subsidized paani-fertilizer ka loot.