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From UPI MDR to tax audit deadline: 5 key money changes from October that you should know about

1 source · first seen 07:45 1 Oct · updated 07:45 1 Oct

The brief

Written from 1 report · check the source before you trade
  • October changes include extended tax audit deadlines and new merchant discount rates on UPI transactions
  • Changes to bulk deposit interest disclosures are also due in October
  • UPI payment firms and merchants may be affected by changes to transaction charges

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89 stories this week
  1. 30 SeptAIMRA announces nationwide 'No UPI Day' on October 2 to protest against proposed MDR for UPI transactions2 sources · AIMRA plans a nationwide “No UPI Day” on October 2 to protest the proposed MDR
  2. 30 SeptApple Pay enters India with Axis Bank, targeting card usage and broader partnershipsExpansion · 2 sources · Axis Bank is Apple Pay’s first partner in India
  3. 29 SeptSitharaman discusses BIT, FTA, UPI expansion with Qatar during Doha visitPolicy · 2 sources · Qatar has a $10 billion investment commitment with India
  4. 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
  5. 28 SeptNew rules from October 1 cover SBI ATM charges, UPI fees and LPG subsidy verificationPolicy · 4 sources · LPG subsidy access will require biometric Aadhaar verification from October 1
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1 report · earliest 07:45
MintFrom UPI MDR to tax audit deadline: 5 key money changes from October that you should know about07:45