No govt talks on new UPI MDR, issue between brokers and clients: NSE CEO

NSE MD and CEO Ashish Chauhan said there have been no government talks on the new UPI Merchant Discount Rate (MDR), calling it an issue between brokers and clients. The NPCI has set a 0.02% MDR on capital-market UPI payments, including stockbrokers and mutual funds. The charge, capped at ₹300 per transaction, will take effect from October 15.