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The Hindu

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UPI MDR charges from October 15: Who will pay on transactions above 2,000?

UPI payments above 2,000 to certain merchants will attract a Merchant Discount Rate (MDR) of 0.4% from October 15. But will customers have to pay more? Heres what the new UPI MDR framework means, which transactions remain free, and who will have to bear the charge.

15 Sep 2026 10:09 pm