UPI MDR fee implementation new date: What we know from NPCI statement; how long do transactions over ₹2,000 remain free?
MDR charges on select Person-to-Merchant UPI transactions above ₹2,000 will not start on 15 October as planned. Here's what we know about the new date.
The National Payments Corporation of India (NPCI) announced that the implementation of Merchant Discount Rate (MDR) for Person-to-Merchant (P2M) UPI transactions will be postponed from 15 October to after Diwali. The exact date will be notified separately, but if the promise of 'immediate' implementation holds, MDR charges are likely to start on 9 November. Currently, UPI transactions above ₹2,000 remain free.
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