A 0.4% Merchant Discount Rate (MDR) on UPI payments above Rs 2,000 will take effect on October 15. Transactions up to Rs 2,000 and all person-to-person transfers remain free. Merchants in utilities,…
NPCI has released the Merchant Discount Rate (MDR) framework for UPI transactions, effective 15 October 2026. The new rules apply only to select Person-to-Merchant (P2M) payments above Rs 2,000, while all Person-to-Person…
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…
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…
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…
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…
The government on Tuesday announced a 0.4% Merchant Discount Rate (MDR) on person-to-merchant UPI transactions above Rs 2,000, effective October 15. The MDR is capped at Rs 300 for transactions of Rs…
The government has introduced a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant transactions above Rs 2,000, effective October 15, ending the zero-MDR regime that began in January 2020. The fee is…
The National Payments Corporation of India (NPCI) will impose a 0.4% Merchant Discount Rate (MDR) on person-to-merchant UPI transactions above Rs 2,000 from October 15, 2026. The fee is capped at Rs…
The National Payments Corporation of India has introduced a 0.4% Merchant Discount Rate on UPI person-to-merchant transactions above Rs 2,000, effective from October 15, 2026. Customers will not pay the charge directly.…
