0.4% UPI merchant fee from Oct 15, consumers spared
The government will levy a 0.4% Merchant Discount Rate (MDR) on UPI payments above Rs 2,000 made to merchants from October 15. The fee is capped at Rs 300 per transaction and…
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BJP backs UPI fee, NCP(SP) says it will hit consumers
The RBI has backed the new 0.4% Merchant Discount Rate (MDR) on UPI payments above Rs 2,000 from October 15, calling it a step towards long-term sustainability. The BJP defended the charge,…
Government to levy 0.4% MDR on UPI merchant payments above Rs 2,000
The government has introduced a 0.4% Merchant Discount Rate (MDR) on UPI merchant payments above Rs 2,000, effective October 15, 2026. The National Payments Corporation of India (NPCI) says customer-to-customer transfers and…
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…
Congress says UPI fee is Trump appeasement, BJP hits back
The Congress on Wednesday accused the Modi government of yielding to US demands by ending zero Merchant Discount Rate (MDR) on UPI, calling the move "Narendra's Ongoing Trump Appeasement." Congress leader Jairam…
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.…
NPCI imposes 0.4% merchant fee on UPI payments above Rs 2,000
The National Payments Corporation of India (NPCI) on Tuesday announced a 0.4% merchant discount rate (MDR) on unified payments interface (UPI) person-to-merchant transactions above Rs 2,000, effective October 15. Consumers will not…
New UPI MDR: Flat ₹5 fee on big telecom, rail, fuel bills
The government and NPCI have released the new Merchant Discount Rate (MDR) framework for UPI payments, effective 15 October. Transactions of Rs 2,000 or less remain free. For merchant (P2M) payments above…
