The Chamber of Trade and Industry urged Finance Minister Nirmala Sitharaman to roll back the 0.4% MDR on UPI payments above ₹2,000, effective October 15, 2026, capped at ₹300. CTI says six crore traders are disappointed and warns high-value UPI payments could decline up to 50%. Person-to-person payments and small merchants remain exempt.
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"6 Cr Traders Disappointed": CTI Seeks Rollback Of UPI Charges
