{"schema":"hottub-news/story/v1","story":"st_gfqx2i24scxmbffscfiq","title":"UPI MDR Relief? Indian Bank May Waive 0.28% Charge On Merchant Payments Above ₹2,000","title_en":null,"outlets":2,"brief":null,"page":"https://hottub.news/stories/indian-bank-may-consider-waiving-0-28-mdr-on-upi-transactions-says-ceo-gfqx2i24sc","count":2,"items":[{"id":"n_mnr4raollvq2kwzts6tq","seq":1284159,"kind":"article","title":"UPI MDR Relief? Indian Bank May Waive 0.28% Charge On Merchant Payments Above ₹2,000","url":"https://www.freepressjournal.in/business/upi-mdr-relief-indian-bank-may-waive-028-charge-on-merchant-payments-above-2000","summary":"Mumbai: Indian Bank is considering waiving its share of the Merchant Discount Rate (MDR) on certain UPI transactions, a move that could reduce payment costs for merchants. Indian Bank Managing Director and CEO Binod Kumar said the public sector lender is exploring the possibility of absorbing the 0.28 percent share that would otherwise go to the acquiring bank. What Indian Bank Is Considering A 0.4 percent MDR will apply to eligible person-to-merchant UPI payments above Rs…","published":"2026-10-02T06:18:31Z","seen":"2026-10-02T06:51:15Z","lang":"en","country":"IN","source":{"id":"kite-freepressjournal-in-e26f41","name":"freepressjournal.in","domain":"freepressjournal.in","outlet":{"wikidata":"Q7735208","name":"The Free Press Journal","type":"newspaper","country":"IN","designations":["newspaper"]}},"via":"kite-freepressjournal-in-e26f41","topics":["business","topnews","fpj shorts","google"],"entities":[{"id":"Q2003789","name":"Indian Bank","type":"org"}],"image":"https://media.assettype.com/freepressjournal/2025-10-16/nmdb3xu6/Indian-Bank-1.jpg?w=280","story":"st_gfqx2i24scxmbffscfiq","category":"economy-business","category_p":0.9300000071525574,"sentiment":"neutral","tone":0.15000000596046448,"political":0.07999999821186066},{"id":"n_gfqx2i24scxmbffscfiq","seq":1197116,"kind":"article","title":"Indian Bank May Consider Waiving 0.28% MDR On UPI Transactions, Says CEO","url":"https://www.ndtvprofit.com/business/indian-bank-may-consider-waiving-0-28-mdr-on-upi-transactions-says-ceo-12127512","summary":"Indian Bank MD and CEO further mentioned that the introduction of MDR would be incrementally positive for banks, although it is unlikely to have a substantial impact on their income.","published":"2026-10-01T18:02:19Z","seen":"2026-10-01T18:49:15Z","lang":"en","country":"IN","source":{"id":"kite-feedburner-com-fcf7b7","name":"feedburner.com","domain":"feeds.feedburner.com"},"via":"kite-feedburner-com-fcf7b7","topics":["business"],"entities":[{"id":"Q2003789","name":"Indian Bank","type":"org"}],"story":"st_gfqx2i24scxmbffscfiq","category":"economy-business","category_p":0.9399999976158142,"sentiment":"neutral","tone":0.029999999329447746,"political":0.17000000178813934}]}