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0.4% Merchant Discount Rate (MDR) will apply to specified merchant UPI payments above ₹2,000

Name: 0.4% Merchant Discount Rate (MDR) will apply to specified merchant UPI payments above ₹2,000
Uploaded: 2026-09-17T05:04:18+00:00
Description: From October 15, a 0.4% Merchant Discount Rate (MDR) will apply to specified merchant UPI payments above ₹2,000. The charge will be borne by merchants, not customers. Meanwhile, a June 2025 Ministry of Finance post is going viral, in which the government had called claims about imposing MDR false.

Published 17 September 2026

From October 15, a 0.4% Merchant Discount Rate (MDR) will apply to specified merchant UPI payments above ₹2,000. The charge will be borne by merchants, not customers. Meanwhile, a June 2025 Ministry of Finance post is going viral, in which the government had called claims about imposing MDR false.

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Producer: Spot On
Topics: Government accountability
Last updated: 17 September 2026