SC Refuses To Stay UPI MDR, Seeks Centre’s Response On ₹2,000 Threshold

The Supreme Court today refused to stay the Centre’s decision to introduce merchant discount rate (MDR) charges on select UPI payments above ₹2,000, while seeking responses on the legal basis and nature of the levy. According to a Bar and Bench report, the SC bench, comprising CJI Surya Kant and Justices Joymalya Bagchi and V Mohana, was hearing a PIL filed by advocate Anjan Datta challenging the framework, which is scheduled to take effect from October 15. The SC directed the Centre, the RBI, a