UPI to charge Rs 2 plus tax on large payments from April
Digital payments via Unified Payments Interface (UPI) will incur a charge from 1 April 2025. A fee of Rs 2 plus 18% GST will apply on transactions above a certain threshold paid…
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Ghaziabad traders protest UPI MDR with ‘cash only’ notices
Traders in Ghaziabad have put up notices outside their shops stating 'UPI Payment Will Not Be Accepted' and 'Cash Only From October 15'. The move is a protest against the proposed merchant…
MP petrol pumps to reject UPI over Rs 2,000 from October 16
Petrol pump dealers in Madhya Pradesh have decided to stop accepting UPI payments for fuel bills above Rs 2,000 from October 16. The decision will apply to around 4,700 petrol pumps across…
Petrol and diesel prices unchanged on September 18, UPI fee worry
Petrol and diesel prices remained unchanged across major Indian cities on September 18, with Delhi petrol at Rs 102.12 per litre and diesel at Rs 95.20, according to Livemint. Oil marketing companies…
Congress MPs deny backing UPI fee, government cites no-dissent record
The Congress has denied that its MPs in a parliamentary panel backed the government's decision to levy a 0.4% fee on UPI payments above Rs 2,000 from October 15. A government functionary…
Congress MPs backed UPI fee framework, Centre says
Five Congress MPs, including former finance minister P Chidambaram, were present when the Parliamentary Standing Committee on Finance approved a report recommending a tiered revenue mechanism for UPI on August 12, with…
Govt rules out UPI fee rollback as Congress cries surrender
The government has ruled out any rollback of the 0.4% Merchant Discount Rate (MDR) on UPI merchant transactions above Rs 2,000, effective from October 15. A senior official said the decision is…
Sebi gets broker appeal against new UPI fee for market transfers
Brokers have moved Sebi to protest the proposed 0.02% merchant discount rate on UPI transfers for capital market transactions, effective 15 October. The BSE Brokers' Forum told the regulator the fee could…
J&K CM Omar Abdullah backs Centre on UPI levy, protects consumers
Jammu and Kashmir Chief Minister Omar Abdullah on Wednesday backed the Centre's decision to impose a 0.4 percent merchant discount rate on UPI payments above Rs 2,000, saying the digital payment infrastructure…
Govt rules out review of UPI fee on merchant payments above Rs 2,000
The government has ruled out a review of the UPI transaction fee on merchant payments above Rs 2,000, sources told NDTV Profit. The decision comes amid concerns from merchants and industry bodies…
