NPCI defers 0.4% MDR on UPI payments above ₹2,000
In short
NPCI has put off a 0.4% merchant fee on UPI payments above ₹2,000 until after Diwali. The report says the charge was meant to start post Diwali.
This matters to merchants and customers because the extra cost is delayed for now. The report does not say the exact new date or if any exceptions apply.
What the reporting says
NPCI has deferred a 0.4% Merchant Discount Rate on UPI transactions over ₹2,000 until after Diwali. The Mint Money summary says the fee was due to come into effect post Diwali, but it does not give the final start date or whether all merchants are covered. The delay postpones a cost change for UPI payments above the stated threshold.
Why it matters
NPCI has deferred a 0.4% Merchant Discount Rate on UPI transactions above ₹2,000 until after Diwali. The source indicates the fee was expected post Diwali but does not provide the final start date or scope details. That means merchants and payment users still do not know when the charge will begin or how broadly it will be applied.