UPI MDR fee implementation new date: How long do transactions over ₹2,000 remain free? What we know from NPCI statement
The National Payments Corporation of India (NPCI) postponed the implementation of the Merchant Discount Rate (MDR) for select Person-to-Merchant UPI transactions, originally set for October 15, to after Diwali. This delay means UPI transactions over ₹2,000 will remain free for approximately 20 days, likely until November 9, benefiting consumers during the festive shopping season.