New UPI Rules From October 15: 8 Things Your Bank, App And Shopkeeper Can't Charge You For

Under the new framework, a 0.4 per cent MDR will apply to specified person-to-merchant UPI transactions above Rs 2,000

It’s Saturday and you decide to go grocery shopping. At your neighbourhood supermarket, your bill comes to Rs 3,200. You scan the shop’s UPI QR code, enter Rs 3,200 and hit pay.

The payment goes through. But with the new UPI Merchant Discount Rate (MDR) kicking in from October 15, you may wonder: Will you now have to pay extra because you used UPI? In this case, no.

News18 (English) · 16 Sept, 10:27

Economy, business and finance

New UPI Rules From October 15: 8 Things Your Bank, App And Shopkeeper Can't Charge You For

Under the new framework, a 0.4 per cent MDR will apply to specified person-to-merchant UPI transactions above Rs 2,000

It’s Saturday and you decide to go grocery shopping. At your neighbourhood supermarket, your bill comes to Rs 3,200. You scan the shop’s UPI QR code, enter Rs 3,200 and hit pay.

The payment goes through. But with the new UPI Merchant Discount Rate (MDR) kicking in from October 15, you may wonder: Will you now have to pay extra because you used UPI? In this case, no.