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UPI Transactions Above Rs 2,000 to Attract Merchant Fees From Oct 15, 2026

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Merchants in India will be required to pay a Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective October 15, 2026. The new fee structure marks a significant shift for UPI, which has largely operated without merchant charges since its widespread adoption. The October 2026 deadline has been set to give key stakeholders sufficient time to prepare for the change. Acquiring banks, payment aggregators, fintech platforms, and corporate accounting systems will use this period to update their software and billing infrastructure.

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