{
  "id": 7394177,
  "title": "Govt Notifies New Rules, No MDR For UPI Transactions Under ₹2,000",
  "url": "https://urgent.news/2026/09/14/govt-notifies-new-rules-no-mdr-for-upi-transactions-under-2-000",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-14T19:22:07.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/govt-notifies-new-rules-no-mdr-for-upi-transactions-under-%e2%82%b92000/"
  },
  "original_language": "en",
  "account": "The finance ministry has recently issued a notification amending the Payment and Settlement Systems Act (PSSA), 2007, to reintroduce the merchant discount rate (MDR) for UPI transactions exceeding ₹2,000. In the gazette notification dated September 14, the ministry directed banks and system providers to refrain from imposing any charges on RuPay-powered debit cards and UPI payments up to ₹2,000. The government has now specified the threshold beyond which UPI payments can be charged with the potential rate of 40 basis points (0.4%) of the transaction value. Banks are expected to benefit the most from the implementation, possibly receiving 40% of the MDR fee, with the rest shared equally among third-party application providers (TPAPs) and acquiring banks. The NPCI is currently working on the framework, with a detailed notification anticipated in the coming weeks.",
  "summary": "Opening doors for the reintroduction of the merchant discount rate (MDR) on high-value UPI payments, the finance ministry has notified…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}