Development · 15 Sep 2026
2 publishers have reported this development. Each act of reporting is below, cited.
The finance ministry notified the Merchant Discount Rate on payments through RuPay debit cards and UPI transactions above Rs 2,000 made to merchants.
The Finance Ministry notified that UPI transactions of up to Rs 2,000 and payments made using RuPay debit cards will not attract any charges.
The finance ministry directed banks and other system providers to not impose any charge on RuPay-powered debit cards and UPI payments of up to ₹2,000.
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