Development · 26 Sep 2026
5 publishers have reported this development. Each act of reporting is below, cited.
A 0.4 percent fee will apply to specified person-to-merchant UPI transactions above Rs 2,000, with a cap of Rs 300 per transaction for amounts of Rs 75,000 and above, effective October 15, 2026.
Under a new framework, a 0.4% merchant discount rate will apply to specified person-to-merchant UPI transactions above ₹2,000, capped at ₹300 for transactions of ₹75,000 and above.
From October 15, a 0.4% merchant discount rate will apply to specified person-to-merchant UPI transactions over ₹2,000, capped at ₹300 per transaction for payments of ₹75,000.
The National Payments Corporation of India (NPCI) has introduced a Merchant Discount Rate (MDR) of 0.4% on person-to-merchant (P2M) UPI transactions above ₹2,000, effective October 15.
National Payments Corp. of India introduced a merchant discount rate of up to 0.4% on UPI person-to-merchant transactions exceeding Rs 2,000, effective October 15.
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