Kya hua
15 October 2026 se 0.4% Merchant Discount Rate (MDR) laguga UPI Person-to-Merchant (P2M) transactions par jinka amount ₹2,000 ya usse zada ho.
15 October 2026 se 0.4% Merchant Discount Rate (MDR) laguga UPI Person-to-Merchant (P2M) transactions par jinka amount ₹2,000 ya usse zada ho.
Sirf 2.5% UPI transactions by volume hi MDR charge dekhenge, lekin ye roughly 20% UPI value cover karte hain.
Agar maximum estimate dekhein to ye framework har mahine ₹2,400 crore ka revenue generate karega.
Sabse bada hisa payer bank ko milta hai, lekin PhonePe aur Google Pay saath milakar nearly 80% UPI volume ko account karte hain.
Person-to-person UPI payments free rahenge, aur small merchants ₹1 lakh per month tak bina MDR ke pa sakte hain.
MDR se kaun faide paata hai
RBI ne MDR India ke digital payments ecosystem ki long-term sustainability ko mazboot banane ke liye laaya hai. Ye fee payer bank, merchant bank, UPI apps aur dusre processors mein baat distribution hoti hai.
- RBI ne MDR ko UPI ki long-term sustainability ko mazboot banane ke roop mein justify kiya
- 22-member panel ne proposal ko examine kiya
Kyun matter karta hai
Sirf 2.5% UPI transactions by volume hi MDR charge dekhenge, lekin ye roughly 20% UPI value cover karte hain, jisse max ₹2,400 crore per month generate ho sakta hai.
Money
Small Merchants · Business Executives
Merchants ko 0.4% cost lagega large UPI payments par, lekin Finance Ministry ne customer ko pass-on ke against advise kiya.
Daily Life
General Public
Sirf 2.5% UPI users ko charge dikhega jo big-ticket payments karte hain, lekin ye change karta hai India ke sabse dominant payment rail se kaun profit karega.
Money
Business Executives
PhonePe aur Google Pay, ~80% UPI volume ke saath, naye MDR revenue pool ka sabse bada hisa jama karne wale hain.
Seedhi baat
Bade UPI payments ab merchants ke liye mehenga ho gaye, aur PhonePe aur Google Pay naye MDR se sabse bada hisa paane wale hain.
Oct 15 se bade UPI payments par 0.4% MDR lagta hai, jisse India ke payment rails ka profit badalta hai. PhonePe aur Google Pay sabse bada cut pa sakte hain.
Verified sources (5)
In graphs | Why private banks and foreign UPI apps stand to gain from the MDR charge
↗Introduction of MDR on large value transactions to strengthen UPI's long-term sustainability: RBI
↗MDR on UPI notified: NPCI says 0.4% fee applicable on person-to-merchant transactions above Rs 2,000 effective October 15, 2026
↗UPI charges from October 15: 0.4% MDR on payments above Rs 2,000, but flat Rs 5 fee for railway tickets, fuel, insurance and utilities; sending money to friends, family, Autopay for OTT stays free
↗UPI MDR from October 15: Will your mutual fund SIP, insurance premium or OTT AutoPay get costlier?
↗Claims and linked sources
10 claims15 October 2026 se 0.4% Merchant Discount Rate (MDR) laguga UPI Person-to-Merchant (P2M) payments par jinka amount ₹2,000 ya usse zada ho.
Sirf 2.5% UPI transactions by volume hi MDR charge dekhenge; jo transactions MDR attract karte hain wo roughly 20% value cover karte hain.
Agar maximum dekhein to MDR framework har mahine ₹2,400 crore ka revenue generate karega.
Sabhi Person-to-Person (P2P) UPI transactions free rahenge, aur merchant payments ₹2,000 tak bhi free rahenge MDR ke bina.
Jitna MDR collected hota hai, uska sabse bada hisa payer bank ko jata hai, phir merchant bank, UPI apps, aur dusre payment processors.
Agar customers apni UPI payments mein kis bank ka use karte hain, to Yes Bank sabse aage hai with a huge margin, ICICI Bank ke baad.
Agar merchants UPI payments receive karne ke liye kis bank ka use karte hain, to Yes Bank sabse aage hai clearly, Axis Bank, ICICI Bank, aur HDFC Bank ke baad.
PhonePe (Walmart-owned) aur Google Pay saath milakar nearly 80% UPI transaction volume ko account karte hain, matlab unhein MDR collected ka sabse bada hisa milega.
Reserve Bank of India ne kaha ki large-value UPI transactions par MDR laane se India ke digital payments ecosystem ki long-term sustainability mazboot hogi.
Banks ko advise kiya gaya hai ki woh ensure karein ki merchants MDR charges customer ko pass nahi karte. UPI application providers ko platform fees ya hidden charges lagane se prohibit kiya gaya hai.