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[BUSINESS] · India · 24 sources

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Part of situation: India UPI MDR implementation deferred until after Diwali (24 clusters)

NPCI defers UPI merchant transaction fees until after Diwali

UPI Merchant Discount Rate NPCI digital payments festive season

The National Payments Corporation of India (NPCI) has deferred the implementation of the Merchant Discount Rate (MDR) on select Person-to-Merchant (P2M) UPI transactions until after the Diwali festive season. The charges, which were originally scheduled to take effect on October 15, 2026, will now be implemented at a date to be notified separately following the holiday period.

Under the proposed framework, a 0.4 per cent MDR will apply to select merchant transactions exceeding Rs 2,000, with a maximum cap of Rs 300 for transactions of Rs 75,000 or more. Certain essential services, such as railways, fuel, telecom, insurance, and utilities, will attract a flat fee of Rs 5 for transactions above Rs 2,000. Capital market transactions will be subject to a lower rate of 0.02 per cent.

Several exemptions remain in place: person-to-person (P2P) transfers will continue to be free regardless of the amount, and merchant payments below Rs 2,000 will not incur MDR. Additionally, small merchants with a monthly UPI collection of up to Rs 1 lakh will remain exempt. The Confederation of All India Traders (CAIT) welcomed the decision, noting it provides necessary relief to small businesses and MSMEs during the peak festive and wedding season.

Entities

Confederation of All India Traders · IIT Bombay · India · Narendra Modi · National Payments Corporation of India · Nirmala Sitharaman · Reserve Bank of India · UPI and Services Steering Committee · Unified Payments Interface

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

दिवाली तक टला UPI के बड़े भुगतान पर नया शुल्क, 15 अक्टूबर से लागू होने वाले नियम में बदलाव [www.pratahkal.com]
यूपीआई लेनदेन पर शुल्क लगाने का फैसला फिलहाल टला [www.hindimilap.com]
कैट की बड़ी जीत : 15 अक्टूबर से लगने वाला UPI शुल्क अब दिवाली तक स्थगित, सुरेश पाटोदिया ने जताया आभार [dainiknavajyoti.com]
UPI MDR Charge : दिवाली तक नहीं लगेगा यूपीआई पर MDR चार्ज , त्योहारी सीजन में बड़ी राहत [hindi.pardaphash.com]
NPCI defers the rollout of MDR charges until after Diwali, dates to be notified later [shiningindianews.com]
Fee levy on high-value UPI payments deferred until after Diwali [madhyamamonline.com]
India delays UPI merchant fees until after Diwali [nokiamob.net]
विपक्ष के भ्रम को दूर करने के लिए एमडीआर की वास्तविकता पर चलाएंगे जनजागरण अभियान: प्रवीण खंडेलवाल [samacharnama.com]
UPI MDR शुल्क दिवाली तक टला, 2,000 रुपए से अधिक के भुगतान पर जानें नया नियम - Sabguru News [www.sabguru.com]
UPI MDR rollout deferred until after Diwali: What consumers and merchants need to know [thefederal.com]
NPCI defers UPI MDR rollout until after Diwali, fintech stocks rebound - tennews. in: National News Portal [tennews.in]
NPCI Defers Implementation of MDR on Select UPI Merchant Transactions Until After Diwali [thelivenagpur.com]
UPI MDR should be cut from 0. 4% to 0. 08%: IIT Bombay report proposes new fee structure - BusinessToday [www.businesstoday.in]
UPI पेमेंट पर 0. 4% शुल्क लगाने की तैयारी पर लगी रोक? दिवाली तक राहत की खबर से यूजर्स को फायदा [sanjeevnitoday.com]
UPI MDR Fee Implementation Delayed Ahead of Diwali [thecsrjournal.in]
दिवाली तक बचेंगे आपके पैसे! UPI ट्रांजैक्शन पर MDR चार्ज को लेकर NPCI ने बदला प्लान | IBC24 [www.ibc24.in]
Will UPI payments above Rs 2,000 cost more? NPCI delays proposed charges until after Diwali [newsmeter.in]
NPCI Defers UPI MDR on Merchant Transactions Until After Diwali [newsable.asianetnews.com]
NPCI defers levy of MDR on UPI transactions; no new date announced for implementation [www.dtnext.in]
Business News | NPCI Defers MDR on Select UPI Merchant Transactions Post Diwali [www.latestly.com]
UPI Payment : दुकानदारों को बड़ी राहत, 15 अक्टूबर से UPI पेमेंट पर लागू [hindikhabar.com]
MDR on UPI payments in India deferred to after Diwali [www.newsbytesapp.com]
UPI MDR deferral reflects govt's sensitivity to traders' concerns: CAIT [www.socialnews.xyz]
IIT-B study bats to cut MDR to 0. 08% from 0. 4% [www.millenniumpost.in]