NPCI pushes 0.40% UPI MDR above ₹2,000 past Diwali
In short
NPCI says the 0.4% MDR on UPI payments above ₹2,000 will start only after Diwali. The exact date has not been given yet.
This matters to merchants because the new charge is delayed. It is still unclear when the fee will begin.
What the reporting says
NPCI said the 0.4% Merchant Discount Rate on UPI transactions over ₹2,000 has been deferred until after Diwali. The summary does not give the exact new start date, only that it will come into effect later. The immediate consequence is a postponement for merchants, while the final timing is still unknown.
Why it matters
NPCI has deferred the 0.4% Merchant Discount Rate on UPI transactions over ₹2,000 until after Diwali, based on the provided summary. The exact implementation date was not stated. This affects merchants accepting higher-value UPI payments and delays the fee change, but the final rollout schedule remains unknown.