Tuesday, 29 September 2026Updated 17m ago
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UPI MDR fee: Small merchants and gig workers brace for 0.4% levy from Oct 15

1 source · first seen 20:25 29 Sept · updated 20:25 29 Sept

The brief

Written from 1 report · check the source before you trade
  • A 0.4% MDR levy is set to start October 15
  • Small merchants worry about the levy’s impact, particularly those with thin margins
  • A UPI merchant fee could affect payment volumes and fintech companies

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Linked by the tag UPI

75 stories this week
  1. 29 SeptOnly 62 mn invest in MFs despite 500-550 mn UPI users in India: EY reportData · 1 source · Only 62 million invest in mutual funds, against 500–550 million UPI users in India
  2. 28 SeptNew rules from October 1 cover SBI ATM charges, UPI fees and LPG subsidy verificationPolicy · 3 sources · LPG subsidy access will require biometric Aadhaar verification from October 1
  3. 28 SeptSupreme Court declines interim stay on UPI MDR levy above ₹2,000Legal · 4 sources · Supreme Court declined an interim stay on MDR for UPI transactions above ₹2,000
  4. 28 SeptIf neither tax nor fee, what is this ‘expropriation’, Supreme Court asks Govt on UPI MDR chargesLegal · 2 sources · Supreme Court asked the government whether UPI MDR is a tax or fee, or ‘expropriation’
  5. 28 SeptSupreme Court refuses to stay UPI charges above ₹2,000; seeks Centre’s explanationLegal · 6 sources · The new framework sets a 0.4% charge on specified UPI payments above ₹2,000
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Read the reports

1 report · earliest 20:25
CNBC-TV18UPI MDR fee: Small merchants and gig workers brace for 0.4% levy from Oct 1520:25