SC declines interim stay on UPI MDR levy
In short
The Supreme Court did not stop the government's plan to charge MDR on UPI payments above ₹2,000. It also asked the Centre and the RBI to reply within four weeks.
This keeps the levy fight open for now. The reporting does not say when the rule would start or what the court will do next.
What the reporting says
The Supreme Court declined to grant an interim stay on the government's move to impose MDR on UPI transactions above ₹2,000 and asked the Centre and RBI to file counter affidavits within four weeks. The available reporting does not say when the levy would take effect or whether the court will later block it. The immediate outcome is that the challenge continues without relief for now.
Why it matters
The Supreme Court declined an interim stay on the government's planned MDR levy for UPI transactions above ₹2,000 and asked the Centre and RBI to file counter affidavits within four weeks. That leaves the policy challenge unresolved for users, merchants, and payment firms that could be affected by the charge. The available reporting does not state the court's final view, the levy timing, or any implementation details.