Neutral impactSector
SEBI to look into broker, AMC concerns over UPI MDR: Tuhin Kanta Pandey
Economic Times 2 hrs ago·17 Sept 2026, 7:36 am
The Securities and Exchange Board of India (SEBI) said it will examine concerns raised by brokerage firms and asset‑management companies (AMCs) about the merchant discount rate (MDR) applied to Unified Payments Interface (UPI) transactions. The move follows a recent government framework that introduced charges on certain merchant‑initiated UPI payments, prompting intermediaries to seek relief on the fees they must absorb.
For investors, any change to the MDR could affect the cost of buying and selling securities, as brokers and AMCs may pass on higher fees or see squeezed margins. Market participants should watch for SEBI’s assessment report, any regulatory adjustments to the MDR structure, and the timeline for implementation, as these factors could influence trading volumes and the overall cost of investing.
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- Category: Sector.
- Assessed as a significant, market-relevant update.
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