NPCI has not announced date for UPI MDR on payments above ₹2,000
In short
NPCI has not yet said when it will start MDR charges on some UPI payments above ₹2,000 after Diwali. The proposed fee is 0.4%, and the rate may differ by sector.
People and merchants are watching to see who will pay the extra cost once the rule is put in place.
What the reporting says
NPCI has yet to announce the implementation date for MDR on select UPI payments above ₹2,000 after Diwali. The Mint Money summary says the proposed charge is 0.4% and that rates may vary by sector, raising questions about whether merchants or customers will bear the cost.
Why it matters
NPCI has not announced the start date for MDR on select UPI payments above ₹2,000, according to the summary. The proposed 0.4% charge and sector-specific rates could affect merchants and potentially customers, depending on how the cost is passed on.