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p2mStatus: published
Capital Markets & Mutual Funds: 0.02% MDR (Capped at ₹300)
Mutual fund, securities, stockbroker and dealer UPI collections attract 0.02% MDR, capped at ₹300 per transaction, as set out in the September 2026 NPCI FAQ.
Official Rule Specification
Rule ID: rule-p2m-capital-markets
Status: published
Payment Type: p2m
Effective From: 2026-10-15
Consumer Fee: ₹0
Fee Type: tiered (tiered)
Fee Cap: ₹300
Source: PIB PRID: 2310586
Calculation Formula & Mechanics
min(Amount * 0.0002, 300)
Applies To
Mutual fund platforms, stockbrokers, SEBI-registered intermediaries.
Does Not Apply To
General retail purchases.
Official Regulatory Attribution
Organization: Ministry of Finance, Government of India
Document Identifier: PIB PRID: 2310586
Publication Date: 2026-09-15
Last Verified: 2026-09-18