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Indian Bank May Consider Waiving 0.28% MDR On UPI Transactions, Says CEO
NDTV Profit 1 hr ago·1 Oct 2026, 6:02 pm
Indian Bank's CEO has indicated that the bank may consider waiving the Merchant Discount Rate (MDR) charged on UPI transactions. MDR is a small fee paid by merchants to banks for processing digital payments. This potential move would aim to lower the cost burden for merchants and promote the continued use of digital payment systems.
For investors, this decision could signal the bank's commitment to supporting the digital economy and maintaining a competitive edge in the payments space. However, as the teaser notes, waiving this fee is unlikely to have a substantial impact on the bank's overall income, as the revenue from UPI transactions is typically a minor portion of its total earnings.
Investors should watch for any official announcements from the bank regarding this policy and monitor how it might influence customer adoption and merchant relationships in the digital payments sector.
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Key takeaways
- Concerns Indian Bank (INDIANB).
- Category: Company.
Why it matters
A routine update for Indian Bank. Use the price and stock snapshot to gauge how the market is responding.
