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The Economic Times
The Economic Times
Sneha Kulkarni

UPI MDR: 10 UPI transactions that will attract MDR charges; what’s the maximum you will pay

X The Ministry of Finance

The new Unified Payments Interface (UPI) framework will not charge customers or apply a Merchant Discount Rate (MDR) for every UPI transaction. Starting October 15, 2026, the new MDR charge will apply only to specified merchant transactions that exceed a set limit, with different rates for sectors like essential services and capital market transactions.

Person-to-person payments will continue to remain free, irrespective of the amount transferred, while merchant transactions up to Rs 2,000 will also remain outside the MDR framework, according to a statement from the Ministry of Finance.

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