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

2 hours ago 1

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.

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

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