MDR on person-to-merchant UPI payments above Rs 2,000: Who pays and what changes for you? FAQs answered
MDR applicability is determined by overall merchant account categorisation. A Merchant Discount Rate (MDR) of 0.4% will be applicable on person-to-merchant UPI transactions above Rs 2,000 from October 15, 2026, as per the latest notification from NPCI. It is important to note that person-to-person transactions will continue to be free with no MDR applicable.Merchant Discount…