Livemint

UPI MDR Charges: When do the provisions take effect? How does it compare with international payment systems?

From 15 October 2026, a 0.4% MDR will apply to specified UPI merchant transactions above 2,000, capped at 300 for transactions of 75,000 and above. Consumers and P2P payments remain free, while Indias model differs from digital-payment fee structures in other countries.