📰 News ⏱ 2 min

Why New Payment Rules Matter for Digital Money? 💡

India's central bank introduced a small fee for large digital shop payments to keep the system healthy.

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Key Points

4 points

A 0.4% merchant discount rate applies to payments above 2,000 rupees.

Very large payments (75,000 rupees or more) are capped at a maximum fee of 300 rupees.

Essential services such as railways and phone companies pay a flat 5‑rupee fee.

All person‑to‑person and small merchant payments remain free.

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The fee, called merchant discount rate, is shared with banks and payment apps to improve technology.

Payments under 2,000 rupees stay free, and essential services get a low flat fee.

The goal is to make digital money safe, easy and affordable for everyone.

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5 words

Reserve Bank of India

The main bank that looks after India's money and banking rules.

Unified Payments Interface

A system that lets people send money instantly using phones or computers.

Merchant Discount Rate

A small charge taken from big shop payments to help pay for the payment system.

central bank

The main bank of a country that controls money and banking rules.

essential services

Important things people need every day, like trains, phones, and fuel.

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