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It's not a tax: Ex-SBI chairman backs 0.4% fee on large UPI payments

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Rajnish Kumar backed the MDR on select UPI merchant payments, saying it would fund infrastructure, cybersecurity and innovation without burdening consumers.


It's not a tax: Ex-SBI chairman backs 0.4% fee on large UPI payments It's not a tax: Ex-SBI chairman backs 0.4% fee on large UPI payments Reviewed by Team Exprssnews on September 15, 2026 Rating: 5

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