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The Economic Times
The Economic Times

UPI charges from October 15: FAQs on who will pay 0.4% MDR and what consumers, small vendors & large merchants need to know

UPI NPCI Cybersecurity the National Payments Corporation of India the Reserve Bank of India

The new UPI framework will continue to keep person-to-person (P2P) transactions free, irrespective of the amount transferred. Payments made to merchants up to Rs 2,000 will also remain free, while a new Merchant Discount Rate (MDR) will apply to specified person-to-merchant (P2M) transactions above Rs 2,000.

According to the FAQ released on September 15, around 96% of P2M transactions will remain unaffected by the new framework. The revised MDR provisions will come into effect from October 15, 2026.

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