Video

Claim that UPI payments over ₹2,000 will attract 0.4% MDR resurfaces

Name: Claim that UPI payments over ₹2,000 will attract 0.4% MDR resurfaces
Uploaded: 2026-09-17T05:04:18+00:00
Description: A claim that UPI payments of ₹2,000 or more will incur a 0.4% Merchant Discount Rate (MDR) starting October 15 has circulated, alongside a resurfaced social media post from the Ministry of Finance dismissing previous speculations about MDR charges on UPI transactions as false.

Published 17 September 2026

A claim that UPI payments of ₹2,000 or more will incur a 0.4% Merchant Discount Rate (MDR) starting October 15 has circulated, alongside a resurfaced social media post from the Ministry of Finance dismissing previous speculations about MDR charges on UPI transactions as false.

Story details

Producer: Spot On
Topics: Public money, Government accountability
Geography: India
Last updated: 1 October 2026