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Government clarifies credit card-linked UPI payments exempt from 0.4% fee

The clarification comes ahead of the revised UPI fee structure, which is scheduled to take effect from October 15. Under the new framework, a 0.4% MDR will be applicable to certain direct account-to-merchant-account UPI payments above 2,000, with the fee capped at 300 per transaction

15 Sep 2026 11:56 pm