UPI Charges Explained: Who Will Pay 0.4% MDR On Transactions Above ₹2,000? 10 Top FAQs Answered

News18 - Sep 16, 2026

UPI merchant transactions above ₹2,000 will attract a 0.4% MDR, capped at ₹300. Here are 10 key FAQs on who pays MDR, exemptions and latest changes.

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Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discount rate with an overall cap of Rs 300. Besides, a flat concessional MDR rate of Rs 5 would be applicable on specific merchant categories such as railways, telecom services, insurance, and fuel for transaction above Rs 2,000.

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