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‘To strengthen UPI’s long-term sustainability’: RBI backs 0.4% MDR on transactions above Rs 2,000

September 16, 2026
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The RBI said the move would help UPI “continue to scale, innovate and serve consumers.” NEW…

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MDR on UPI notified: NPCI says 0.4% fee applicable on person-to-merchant transactions above Rs 2,000 effective October 15, 2026

September 15, 2026
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The National Payments Corporation of India (NPCI) has notified a Merchant Discount Rate (MDR) of 0.4%…

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