GENERAL17 Sept 2026
Sebi may review brokers' concerns over MDR on large UPI fund transfers
Sebi will look into brokers' concerns about the new MDR, or merchant discount rate, on large UPI, or Unified Payments Interface, fund transfers. Chairman Tuhin Kanta Pandey said the regulator will examine these worries. The charge starts on October 15. If you move big sums through UPI for investing, keep an eye on how brokers pass this cost on, and ask before you transfer.
Key Statutory Highlights
- Sebi Chairman Tuhin Kanta Pandey said the regulator would examine brokers' concerns over the new MDR on large UPI fund transfers.
- The new MDR on large UPI fund transfers takes effect from October 15.
- The concerns were raised by brokers about this new charge on large UPI fund transfers.
Actionable Advice for Taxpayers / Founders:Before sending large sums to your broker through UPI, ask them whether an MDR charge will apply to you and how much it will be, so you can plan your costs.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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