IIT-Bombay report recommends cutting UPI MDR from 0.4% to 0.08%; says banks should give up their share as they earned Rs 4.85 lakh crore from CASA deposits in FY26
The report further suggested that banks could set aside around 3% of the funds that CASA depositors forgo through lower interest earnings. With a Merchant Discount Rate (MDR) on merchant UPI transactions being announced above Rs 2,000, professors at IIT-Bombay have come out with a report proposing reducing the MDR to 0.08% from 0.40%.The report’s…
