MDR on UPI notified: NPCI says 0.4% fee applicable on person-to-merchant transactions above Rs 2,000 effective October 15, 2026
The National Payments Corporation of India (NPCI) has notified a Merchant Discount Rate (MDR) of 0.4% on Person-to-Merchant (P2M) UPI transactions above Rs 2,000. Person-to-person transactions will continue to remain free. For transactions of Rs 75,000 and above, the MDR will be capped at Rs 300 per transaction.The MDR will be effective from October 15,…