Summary
Small shops can also get money without extra fees.
Only big purchases over two thousand Indian rupees may have a tiny charge.
The government will use the small charges to help tiny businesses.
Key Points
4 points1
All person‑to‑person money transfers stay free.
2
Payments to shops up to two thousand Indian rupees stay free.
3
A small fee of about four‑tenths of one percent applies to larger shop payments.
4
The money from the fee will support a special fund for small merchants.
New Words to Learn
10 wordsUnified Payments Interface
A digital system that lets people move money using their phones.
Merchant
A person or shop that sells things.
Merchant Discount Rate
A small charge that shops sometimes pay when they get money electronically.
Transaction
When money is sent or received.
Ecosystem
All the different parts that work together, like banks and apps.
Micro‑enterprise
A very small business, like a street vendor.
Threshold
The amount where a rule starts to apply.
Framework
A set of rules that guide how something works.
Fund
Money saved to help a specific purpose.
Cap
A maximum limit.
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