16/09/2026
A 0.4% Merchant Discount Rate ( ) will be introduced on Person-to-Merchant (P2M) UPI transactions above ₹2,000 from October 15, while payments of ₹75,000 and above will carry a maximum charge of ₹300 per transaction.
The new framework is aimed at introducing a nominal charge for larger commercial transactions while keeping smaller and everyday digital payment