Merchant Discount Rate (MDR) charged on UPI transactions basis Merchant Category Code

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Last Comment 2024-09-12

2024-09-11

Dear Merchant Partner,

Thank you for partnering with HDFC Bank for your payment acceptance needs.

As per NPCI OC circular No. 202/2024-25, effective 16^th October 2024 there will be MDR charged on Unified Payments Interface (UPI) transactions which are initiated by customer via linked Credit-line account.

Rate of MDR will be charged as follows, basis MCC ( Merchant Category Code) allocated basis nature of business of the merchant.

MDR:
1. For Non industry Segment: 1.3%
2. For Industry Segment: Please refer below table.

MCC	Description	MDR Rates
8244	Business and secretarial schools	0.8%
1750	Carpentry contractors	1.2%
7349	Cleaning, maintenance, and janitorial services	0.8%
8220	Colleges, universities, professional schools and junior colleges	0.8%
1771	Concrete work contractors	1.2%
8241	Correspondence schools	0.8%
9211	Court costs, including alimony and child support	0.8%
5960	Direct marketing insurance services	0.8%
1731	Electrical contractors	1.2%
8211	Elementary and secondary schools	0.8%
5814	Fast food restaurants	1.2%
9222	Fines	0.8%
5541	Service Station	0.9%
5542	Automated Fuel Dispensers	0.9%
5983	Fuel Dealers	0.9%
1520	General contractors residential and commercial	1.2%
9399	Government services not elsewhere classified	0.8%
5411	Groceries	1.2%
1711	Heating, plumbing and air-conditioning contractors	1.2%
6300	Insurance sales, underwriting and premiums	0.8%
9405	Intra Government Transactions	0.8%
5261	Lawn and garden supply outlets, including nurseries	0.8%
4111	Local and suburban commuter passenger transportation, including ferries	0.8%
1740	Masonry, stonework, tile setting, plastering and insulation contractors	1.2%
5499	Miscellaneous food shops convenience and speciality retail outlets	1.2%
763	Agricultural Cooperative	0.8%
780	Horticulture and Landscaping Service	0.8%
820	Fertilizer dealers	0.8%
821	Pesticides / Insecticides	0.8%
822	Seeds	0.8%
823	Farm Equipment	0.8%
824	Agricultural Machinery	0.8%
825	Other Agri Inputs	0.8%
9402	Postal services government only	0.8%
4112	Railways	0.8%
6529	Remote Stored Value Load - Member Financial Institution	0.6%
1761	Roofing, siding and sheet metal work contractors	1.2%
1799	Special trade contractors not elsewhere classified	1.2%
9311	Tax payments	0.8%
4784	Tolls and bridge fees	0.8%
8249	Trade and vocational schools	0.8%
4789	Transportation services not elsewhere classified	0.8%
4900	Utilities electric, gas, water and sanitary	0.8%

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We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.

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