Question 1

What is the UPI MDR Calculator and how does it calculate merchant fees?

Accepted Answer

The FinCalc UPI MDR Calculator computes Merchant Discount Rates (MDR) mandated by NPCI and RBI for UPI transactions. It supports Standard Retail (0.40% capped at ₹300), Utilities & Fuel (Flat ₹5), Capital Markets (0.02%), and small merchants under ₹1 Lakh/month (100% Free). It also automatically calculates 18% GST on the MDR fee to give the exact net bank settlement amount.

Question 2

How does FinCalc Ai protect my personal financial data?

Accepted Answer

FinCalc is built on a strict 100% offline-first architecture. All transaction records, category budgets, loans, and goals are stored in a secure SQLite database directly on your device's internal storage sandbox. No account registration is required, and private data is never uploaded to remote servers.

Question 3

What financial calculators and money tools are included in FinCalc?

Accepted Answer

FinCalc packs 14+ specialized financial utilities into a lightweight ~4MB app: UPI MDR Calculator, Loan EMI & Prepayment Calculators, SIP & Mutual Fund Planners, Income Tax & Take-Home Salary Estimators, Multi-category Goal Planners (Car, Home, Emergency Fund, Vacation), Daily Expense & Budget Trackers, Lending Ledgers, and Split Bills.

Question 4

How does automated SMS & notification expense detection work in FinCalc?

Accepted Answer

FinCalc optionally requests notification listener permission to detect transactional alerts from verified banking apps. Parsing occurs 100% locally on your phone using regex patterns. Personal chats, OTPs, and passwords are never read or stored.

Question 5

Do customers pay any fees or MDR on UPI payments?

Accepted Answer

No. Under NPCI regulations, customers always pay ₹0. MDR is strictly borne by the merchant, and peer-to-peer (P2P) transfers as well as small merchants transacting under ₹1 Lakh/month are 100% exempt from MDR charges.

Question 6

Can I export my financial data from FinCalc Ai?

Accepted Answer

Yes. You retain full sovereignty over your data and can export your entire transaction ledger to standard CSV spreadsheets at any time.