UPI transactions above Rs 2,000 to attract 0.4% MDR from October 15
The National Payments Corporation of India will introduce a Merchant Discount Rate on select peer-to-merchant UPI transactions starting October 15. Merchants will be required to pay 0.4% on transactions exceeding Rs 2,000, subject to a cap.
The move is aimed at establishing a sustainable commercial model for the UPI ecosystem. Everyday UPI payments up to Rs 2,000 will continue to be free of charges for both merchants and consumers, with no new fees levied on users making UPI payments.
