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MDR For UPI: Credit Card Bill Payments and Jewellery Purchases Remain Free For Consumers

Consumers Are Advised That Merchant-Imposed Surcharges On Card Or UPI Payments Violate Current Payment Guidelines

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Following recent industry discussions regarding the updated Merchant Discount Rate (MDR) framework for Unified Payments Interface (UPI) transactions, financial experts and industry leaders have clarified that individual consumers will not incur any additional charges when paying credit card bills or purchasing high-value items like jewellery via UPI apps.

Zero Fees on Credit Card Bill Payments via UPI

Despite the implementation of the revised UPI MDR structure, consumers using UPI-enabled applications to pay their credit card bills remain entirely exempt from MDR fees.

No Cost Impact for Users: Cardholders can continue paying their bills through standard UPI QR codes or app-based transfers without losing reward points, credit float advantages, or incurring extra costs.

Understanding BBPS Fees: While standard bank-to-bank UPI transfers do not carry MDR, credit card bill payments processed through the Bharat Bill Payment System (BBPS) may incur small convenience or processing fees set directly by participating payment platforms under their own commercial terms—not as part of the UPI MDR framework.

Framework for Jewellery Purchases and High-Value Merchants

For high-value retail transactions, including jewellery purchases, regulatory guidelines mandate that the burden of MDR falls strictly on merchants, not customers:

Consumer Exemption: Merchants and payment platforms are prohibited from passing MDR charges or platform surcharges directly onto buyers.

Capped MDR for Jewellers: Under the revised Person-to-Merchant (P2M) framework for transactions exceeding Rs 2,000, jewellers and high-value merchants absorb a capped MDR of 0.4% (up to a maximum limit of Rs 300 per transaction for purchases of Rs 75,000 and above).

Payment Transparency: While jewellers absorb nominal fees for bank-linked UPI transactions, standard credit card fees continue to apply to credit card swipes and RuPay-credit card UPI transactions.

Consumers are advised that merchant-imposed surcharges on card or UPI payments violate current payment guidelines.

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National News

Mavitrra Launches Ganpati-Inspired Fine Jewellery Collection For Ganesh Chaturthi, Blending Tradition With Contemporary Design

Where Devotion, Symbolism and Modern Craftsmanship Come Together In Jewellery Designed For Festive Celebrations

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Mavitrra, the bespoke diamond jewellery brand known for its refined craftsmanship and design-led philosophy, has launched its Ganpati-inspired fine jewellery collection on the occasion of Ganesh Chaturthi, bringing the timeless symbolism of Lord Ganesha into a contemporary fine jewellery language.

Celebrating Lord Ganesha as a symbol of wisdom, prosperity, auspicious beginnings and the removal of obstacles, the collection interprets the deity through sculptural forms, intricate goldwork and precious diamond and gemstone detailing. The edit features statement bangles, earrings and necklaces, designed to complement the festive season while remaining sophisticated and versatile beyond the occasion.

At the heart of the collection are distinctive Ganpati-inspired motifs, ranging from sculptural representations of Ganesha to more abstract interpretations of the deity’s iconic features. One of the standout designs is a statement bangle featuring a sculptural Ganpati face, emerald ears, a ruby tilak and pavé-diamond detailing, bringing together traditional symbolism and contemporary jewellery design.

Another design explores the form of the Ganpati trunk and lotus through an abstract interpretation, while a more minimal Ganpati profile is framed within a diamond halo, offering a refined expression of devotion for those who prefer understated jewellery.

The collection further explores the architectural and artistic language associated with Indian temples. Woven gold bands, pavé edges, ruby and emerald accents, and contemporary openwork inspired by temple arches add depth and dimension to the designs. The pieces are created to feel celebratory without being overly traditional, allowing the symbolism of Ganpati to become an elegant part of a modern jewellery wardrobe.

The collection’s bangles, earrings and necklaces are designed across different levels of expression  from statement pieces created for festive occasions to more subtle silhouettes that can be styled with contemporary and traditional ensembles alike. Diamonds provide the signature brilliance of the collection, while emeralds and rubies introduce rich colour and a distinctly festive character.

Speaking about the collection, Bindu Sharma, Founder & Creative Director, Mavitrra, said:

Bindu Sharma

“Ganesh Chaturthi is deeply rooted in the ideas of new beginnings, prosperity and seeking blessings for the journey ahead. We wanted to translate these emotions into jewellery in a way that feels relevant to the modern wearer. Instead of simply recreating traditional Ganpati motifs, we explored the deity through sculptural forms and contemporary silhouettes . She further added, Every element, from the emerald and ruby accents to the diamond detailing and architectural forms, has been designed to retain the spiritual significance of Ganesha while giving it a distinctive Mavitrra identity.”

With the collection, Mavitrra continues its approach of bringing together spiritual inspiration, individuality and contemporary luxury. The Ganesh Chaturthi edit is designed not only as festive jewellery, but as a celebration of faith, craftsmanship and the auspicious beginnings that Lord Ganesha represents.

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