October 23, 2026
Business

UPI payments above ₹2,000: Who will pay the 0.4% MDR? FM Sitharaman clarifies(Soban News)

Finance Minister Nirmala Sitharaman has clarified that the new 0.4% MDR on specified UPI merchant payments above ₹2,000 will be charged to merchants, not customers, from 15 October 2026.

​Finance Minister Nirmala Sitharaman has clarified that the new 0.4% MDR on specified UPI merchant payments above ₹2,000 will be charged to merchants, not customers, from 15 October 2026. by Soban News (international And National News)

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