UPI New Rules From October 15: Govt Clarifies MDR, GST and RuPay Charges
The government has clarified several points around the new UPI Merchant Discount Rate (MDR) framework, which will come into effect from October 15, 2026. Under the revised system, a 0.4% MDR will apply to specified person-to-merchant (P2M) UPI transactions above ₹2,000, while person-to-person payments and most low-value transactions will remain free.