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Supreme Court refuses interim stay on MDR for UPI transactions above ₹2,000

2 sources · first seen 13:15 28 Sept · updated 13:19 28 Sept

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28 SeptIf neither tax nor fee, what is this ‘expropriation’, Supreme Court asks Govt on UPI MDR chargesLegal · 1 source · Supreme Court asked the government whether UPI MDR is a tax or fee, or ‘expropriation’
28 SeptETMarkets Smart Talk| F&O STT, UPI charges and trading costs: Sandeep Neema on the hidden drag on retail returnsPolicy · 1 source · Sandeep Neema discussed F&O STT, UPI charges and trading costs as drags on retail returns
27 SeptUPI MDR puts big-ticket retail payments in focusPolicy · 1 source
26 SeptRepeated ₹2,000 UPI payments for one purchase? Your bank could flag the pattern: What it means1 source
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Part of a developing story34 updates over 6 days

Proposed UPI merchant discount rate

The proposed framework applies a 0.4% MDR to specified UPI merchant payments above ₹2,000. Retailers plan an October 2 protest, and the Supreme Court is considering a challenge to the charges.

Monday, 28 September

13:152 sourcesYou are here
Supreme Court refuses interim stay on MDR for UPI transactions above ₹2,000
12:452 sources
Supreme Court declines to stay UPI charges above ₹2,000, seeks Centre’s explanation

Sunday, 27 September

Saturday, 26 September

See all 34 updates →

Read the reports

2 reports · earliest 13:15

Business LineSC refuses to stay MDR on transactions above ₹2,00013:15 Times of IndiaSC refuses interim stay on MDR for UPI transactions, asks Centre to explain decision13:19