Upi
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UPI fee on merchant transactions above Rs 2,000 to kick in after Diwali, says government
Business | Oct 13, 2026, 02:10 PM ISTEarlier, economic think tank GTRI said that the government should withdraw the proposed UPI charges and keep the digital payment system free for merchants and consumers.
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Will MDR on UPI be postponed to January 1? Paytm, One Mobikwik, shares rebound amid uncertainty
Market | Oct 09, 2026, 12:43 PM ISTAccording to reports, a proposal to defer the rollout of the merchant discount rate on the Unified Payments Interface (UPI) to January 1 from October 15 is under consideration, with a decision expected in the next few days.
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Will MDR on UPI transactions affect volumes? Here's what RBI Governor Sanjay Malhotra said
Business | Oct 07, 2026, 04:58 PM ISTThe National Payments Corporation of India (NPCI) has announced a 0.4 per cent MDR on UPI transactions above Rs 2,000 made to business UPI accounts.
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From FD rules to biometric Aadhaar for LPG subsidy, check key financial rules changing in Oct 2026
Personal Finance | Sep 30, 2026, 02:08 PM ISTThe RBI has issued new rules regarding bulk deposits. Fixed deposits (FDs) of Rs 3 crore or more will now be considered bulk deposits, compared to the previous limit of Rs 2 crore.
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UPI goes global again as Trinidad and Tobago becomes first Caribbean nation to adopt India's system
World | Sep 29, 2026, 07:10 AM ISTTrinidad and Tobago is set to roll out India's UPI technology, becoming the first Caribbean nation to adopt the digital payments platform. The initiative follows a 2024 agreement between NIPL and Trinidad and Tobago's Ministry of Digital Transformation.
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What is ‘No UPI Day’? Here's how mobile retailers plan to protest against MDR charges on October 2
Business | Sep 28, 2026, 05:05 PM ISTAccording to a memorandum sent by AIMRA to Finance Minister Nirmala Sitharaman, imposing MDR on UPI will directly result in a net loss of Rs 2,000 to Rs 12,000 for small retailers who transact Rs 5 to 30 lakh through UPI every month.
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Supreme Court refuses to stay Centre's decision to impose MDR on UPI payments, seeks responses
Business | Sep 28, 2026, 01:29 PM ISTThe Supreme Court has sought responses from the central government, the Reserve Bank of India, the National Payments Corporation of India (NPCI), and the UPI Steering Committee on the matter within four weeks.
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Will UPI, net banking remain functional during 3-day nationwide bank strike from Monday?
Business | Sep 27, 2026, 11:11 PM ISTSBI has urged customers to use ATMs, Customer Service Points, internet banking, mobile banking, UPI and other digital channels for routine banking requirements.
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UPI mechanism coming soon to ensure consumers not charged for MDR on transactions above Rs 2,000
Business | Sep 24, 2026, 10:30 PM ISTFrom October 15, a 0.4 per cent MDR will apply to person-to-merchant UPI payments above Rs 2,000. Merchants, not consumers, will pay the charge, capped at Rs 300 for transactions of Rs 75,000 or more.
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BHIM introduces MyUPI: From autopay mandate management to tracking payments, know what all it can do
Personal Finance | Sep 23, 2026, 12:53 PM ISTMyUPI lets users raise a complaint for an eligible payment-related issue, receive a complaint reference number, and track its progress in the BHIM Payments App.
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Apple Pay India to launch in October, with card payments, UPI support in focus
Technology | Sep 21, 2026, 02:32 PM ISTApple Pay could finally launch in India as early as October, according to Bloomberg's Mark Gurman. The service is expected to initially support card-based payments, while reports differ on whether UPI integration will be available from day one.
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Petrol Pumps in Madhya Pradesh to not accept UPI payments above Rs 2,000 from October 16
Madhya Pradesh | Sep 19, 2026, 09:19 AM ISTAccording to Association Ajay Singh, president of Madhya Pradesh Petrol Pump Dealers Association, the total amount involved across all 4,700 petrol pumps in the state comes to approximately Rs 8.17 crore per month.
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CNG, petrol pumps in Delhi-NCR put up 'No UPI, Only Cash' boards over UPI MDR charges
Business | Sep 18, 2026, 01:58 PM ISTThe Centre has said that a 0.4 per cent fee would be imposed on transfers worth more than Rs 2,000 made to merchants through UPI from October 15, 2026.
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Govt to ensure merchants absorb UPI MDR charges, not pass them to consumers: Sources
Business | Sep 17, 2026, 05:24 PM ISTThe sources reiterated that the government is not under any pressure to levy a 0.4 per cent MDR on select UPI payments and said that Goods and Services Tax (GST) on UPI is a false rumour.
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‘No impact on common man's pocket’: MobiKwik co-founder Upasana Taku on new UPI fee
India | Sep 16, 2026, 09:18 PM ISTMobiKwik Co-founder and Chief Executive Officer (CEO) Upasana Taku likened NPCI’s role in the UPI ecosystem to the payment switches used by global card networks such as Visa and Mastercard.
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OPINION | Who will bear UPI charges?
India | Sep 16, 2026, 06:29 PM ISTFor the last two days, many misconceptions have been spread about the UPI issue. Naysayers say that there could be a big dip in digital transactions, and the use of cash for most of the transactions may increase. Small shopkeepers, traders and street vendors will be hard hit.
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Centre rebuts external pressure claims over UPI fee as 'myths', says 0.4% MDR fee won't be revoked
Business | Sep 16, 2026, 07:52 PM ISTThe new MDR cannot be passed on to customers. Person-to-person UPI transfers, which account for 37 per cent of UPI volume and 70 per cent of its value, will remain outside the charge.
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'Roll back UPI tax': Rahul slams Centre over new charge, claims PM Modi has 'surrendered' before US
India | Sep 16, 2026, 04:32 PM ISTAccusing Prime Minister Narendra Modi of “surrendering” before Donald Trump, Rahul alleged that the revised UPI policy would burden Indians and benefit the United States.
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Paytm share price surges over 7% as government introduces 0.4% MDR on UPI payments to merchants
Market | Sep 16, 2026, 10:23 AM ISTThe counter's 52-week low is 947.10, touched on March 30, 2026. The stock's move comes as the government introduced a 0.4 per cent fee on UPI payments of more than Rs 2,000 made to merchants from October 15, 2026.
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UPI charges explained: Who pays, who doesn’t and what it means for you | FAQs
India | Sep 16, 2026, 06:59 AM ISTFrom October 15, a 0.4% Merchant Discount Rate (MDR) will apply to UPI payments above Rs 2,000 made to merchants, with the charge capped at Rs 300 for transactions of Rs 75,000 or more. The new rule does not mean consumers will be charged for using UPI.