Tag
#Digital Payments
Daily Important
EconomyPrelims + Mains
0.4% UPI Fee on Merchant Payments Above ₹2,000
NPCI will charge a 0.4% MDR for UPI merchant transactions above ₹2,000 from 15 October, but peer-to-peer transactions and transactions below ₹2,000 will continue to be free of cost. The architecture is designed to achieve equilibrium between making UPI affordable and ensuring its sustainability. Cost-passing, merchant adoption, and rural penetration are among the challenges.
16 Sept 2026 3 min
Daily Important
EconomyPrelims + Mains
Lok Sabha Passes Bill Allowing Banks to Levy Charges on UPI
The Taxation and Other Laws (Amendment) Bill 2026 would help the government tweak the zero-MDR regime applicable on the Unified Payments Interface (UPI) and RuPay without having to introduce charges immediately. The move is an attempt to bring more flexibility into the system in light of India-US trade worries.
7 Aug 2026 5 min