From October 15, some merchants will pay a fee on UPI payments above about ₹2,000, known as a merchant discount rate (MDR).
However, customers will not pay any fee.
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October 14, 2026
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A proposal to defer the introduction of MDR on UPI transactions to January 1, 2027, from October 15, 2026, is under consideration, according to people familiar with the matter. A final decision is expected in the next few days. Such deferment would keep UPI payments free for merchants through the festival season, which runs until Christmas, amid pushback from retail traders’ associations. The MDR is expected to take effect only after the festival period, sources said.
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