UPI MDR on P2M payments above ₹2,000

Reference

NPCI FAQ Sep 2026; MoF

Issued

1 Sept 2026

Effective

Deferred · revised date to be notified

Scope

0.4% capped ₹300 (standard merchants); flat ₹5 for railways, fuel, telecom, insurance; exempt: P2P, txns ≤ ₹2,000, small merchants; no surcharge to customers.

verify — sourced from IDFC First, SCC Online, pending confirmation against the regulator's text.

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