The Reserve Bank of India (RBI) has deferred the implementation of the Minimum Demat Requirements (MDR) on Unified Payments Interface (UPI) transactions above Rs 2,000 until after Diwali. The MDR was initially set to come into effect on October 1, 2023. The RBI has given a one-month extension to the deadline, allowing for further review and consideration.
Source: timesofindia.indiatimes.com
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According to verified reporting, The Reserve Bank of India (RBI) has deferred the implementation of the Minimum Demat Requirements (MDR) on Unified Payments Interface (UPI) transactions above Rs 2,000 until after Diwali.
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