MDR for UPI payments above Rs 2,000 to take effect from October 15: Everything you need to know

UPI person-to-merchant (P2M) transactions above Rs 2,000 will attract a 0.4% MDR from October 15, 2026 , according to a document released by the National Payments Corporation of India (NPCI). The fee will be capped at Rs 300 for transactions of Rs 75,000 and above. NPCI said the revenue will remain within the UPI ecosystem and fund infrastructure resilience, innovation, cybersecurity, and customer service.