What is MDR in the context of UPI transactions?

MDR stands for Merchant Discount Rate, a fee charged on digital payments to merchants or users.

Who will be responsible for paying the 0.4% MDR?

The government has clarified the charge but the exact party bearing the MDR cost may vary based on transaction conditions.

Politics 1 MIN READ

Modi Government Announces 0.4% UPI Charges Above ₹2000 From October 15

New fee applies to transactions exceeding ₹2000; details on who will bear the cost

The Modi government has announced that a 0.4% merchant discount rate (MDR) will be levied on Unified Payments Interface (UPI) transactions exceeding ₹2000 starting October 15. This new charge aims to regulate digital payments and clarify who will be responsible for paying the fee.

Reported by: निहारिका टाइम्स न्यूज़ डेस्क

Published Sep 16, 2026

News Desk, Niharika Times

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The Modi government will impose a 0.4% merchant discount rate (MDR) on UPI transactions exceeding ₹2000 starting October 15. This fee is intended to regulate digital payments and clarify the party responsible for the charge.

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The government’s decision introduces a 0.4% MDR on UPI transactions above ₹2000, effective from October 15. This move is expected to impact digital payment users making higher-value transactions through the UPI platform. Experts have weighed in on the implications of this charge and who will ultimately bear the cost of the MDR.

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What is MDR in the context of UPI transactions?: MDR stands for Merchant Discount Rate, a fee charged on digital payments to merchants or users.
Who will be responsible for paying the 0.4% MDR?: The government has clarified the charge but the exact party bearing the MDR cost may vary based on transaction conditions.

AI-निर्मित · पूरी ख़बर से पुष्टि करें

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PublishedSep 16, 2026, 16:13 IST IST

Last updatedSep 16, 2026, 16:13 IST IST

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Modi Government Announces 0.4% UPI Charges Above ₹2000 From October 15

New fee applies to transactions exceeding ₹2000; details on who will bear the cost

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