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News 2026-09-24 04:12 UTC

MDR to Help Bring in a Surplus on UPI Deals: SBI Official

Accounts, payment railroad, app to Help Our Bureau Mumbai: State Bank of India expects to recover its costs and generate a surplus from the merchant discount rate (MDR) on eligible UPI transactions from October 15, a senior official at the country's largest bank said.SBI will get a share of the MDR…