Government denies plan to charge UPI users after viral alarm
The government has categorically denied plans to levy charges on UPI payments such as PhonePe and Google Pay, after a viral video and social media posts claimed users would soon pay a…
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UPI MDR of 0.4% on transactions above Rs 2,000 from October 15
The government has introduced a Merchant Discount Rate (MDR) of 0.4% on person-to-merchant (P2M) UPI transactions above Rs 2,000, effective October 15, 2026. The Reserve Bank of India (RBI) backed the move,…
0.4% UPI merchant fee on transactions above Rs 2,000 from Oct 15
Merchants accepting UPI payments above Rs 2,000 will pay a 0.4% fee from October 15, under a framework cleared by the UPI & services steering committee headed by the National Payments Corporation…
UPI MDR from Oct 15: key changes, rates and who pays
From 15 October, a new merchant discount rate (MDR) framework for select UPI transactions above Rs 2,000 will take effect. Customers will not pay MDR directly, it is a charge on merchants.…
Pay Yourself First: save 5% before spending, advisor Kadri says
Start by setting aside 5% of income the moment it arrives, then spend the rest, says financial advisor Aadil Kadri. This 'pay yourself first' approach removes the need for constant discipline because…
Bond yields above 7%: Axis MF sees sweet spot in 3-5 year debt
India's 10-year government bond yield crossed 7% to stand at 7.073% on September 15, according to TradingView. The yield rose from around 6.81% at the start of August as higher crude oil…
New UPI MDR fee on payments above Rs 2,000 from October 15
The National Payments Corporation of India will introduce a 0.4% Merchant Discount Rate on UPI person-to-merchant transactions above Rs 2,000 from October 15, 2026, with a cap of Rs 300 on payments…
No charge for UPI transfers above Rs 2,000 to individuals, government clarifies
The government has clarified that transferring more than Rs 2,000 via UPI to another individual will not attract any levy or charge. The clarification follows confusion after the Reserve Bank of India…
0.4% UPI fee from Oct 15, Congress calls it ‘Modi tax’
The government will levy a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant payments above Rs 2,000 from October 15, with a cap of Rs 300 for transactions of Rs 75,000 and…
UPI to charge 0.4% MDR on payments above Rs 2,000 from October 2026
The government has notified that no fees can be charged on UPI transactions up to Rs 2,000, but a Merchant Discount Rate (MDR) of 0.4% will apply on person-to-merchant payments above that…
