Zerodha CEO Nithin Kamath on UPI MDR: 0.02% Fee, But Cap It at Rs 5-Rs 10
Zerodha CEO Nithin Kamath says UPI MDR is “probably inevitable” but warns broking costs will spike when money moves without trades. He wants the 0.02% broking MDR capped at Rs 5Rs 10, not Rs 300. NPCIs new rules start October 15, 2026; govt says 96% of P2M stays unaffected. Zerodha co-founder and CEO Nithin Kamath … Read more