Categories: BUSINESS

UPI MDR: Can Rs 6,000 be split into three Rs 2,000 payments? No daily cap

The NPCI framework and the FAQs issued with it do not stipulate that multiple payments relating to a single bill must be clubbed together. Such a restriction, if in place, could prevent businesses from breaking up larger payments into multiple transactions of Rs 2,000 or less.
Sumitra

Share
Published by
Sumitra
11 hours ago

Recent Posts

LPG Aadhaar rule from Oct 1: Authentication mandatory for these refills

Consumers who have not undergone BAA will not be stopped from receiving LPG cylinders. However,…

11 hours ago

Trump signs Russia sanctions bill into law, gains authority to impose 100% tariff on India and China

President Trump has officially enacted a new sanctions law aimed at Russia and Iran, empowering…

1 day ago

Sugar retail prices down 10% ahead of festive season, govt eases stock cap

1 day ago

Judge Amogh Kaloti: The man who holds key to Tata dispute

2 days ago

UPI fee: Government, payment gateways discuss ways to stop merchants passing burden to consumers

The government is currently in talks with payment platforms to ensure that merchant fees do…

2 days ago

After Senate, US House passes Russia sanctions bill; 100% tariff threat looms for India

The US House has successfully passed a sanctions bill aimed at Russian officials and the…

3 days ago