SENSEX
NIFTY
GOLD
USD/INR

Weather

image 32    C

Gadgets News

India TV

Gadgets / India TV

details

UPI charges explained: Who pays, who doesnt and what it means for you | FAQs

After nearly six years of fully free UPI payments, a new Merchant Discount Rate (MDR) will apply to certain transactions from October 15 , after the Ministry of Finance introduced a 0.4 per cent MDR on person-to-merchant (P2M) UPI transactions above Rs 2,000 on Tuesday. The new framework, however, does not introduce charges for ordinary consumers.

15 Sep 2026 11:56 pm