INCOME TAX24 Sept 2026
After Madhya Pradesh, now Maharashtra to observe ‘no UPI day’ on October 2: What should consumers keep in mind? | Mint
Traders in Maharashtra will observe a 'No UPI Day' on October 2, after a similar protest in Madhya Pradesh. They oppose a 0.4 per cent merchant discount rate (MDR) fee on UPI transactions above ₹2,000. Around 20,000 traders will switch to cash only that day. The government says customers pay no UPI fee. So keep some cash ready for payments.
Key Statutory Highlights
- Traders across Maharashtra will observe a 'No UPI Day' on October 2, accepting only cash from customers.
- The protest is against a 0.4 per cent merchant discount rate fee on UPI transactions above ₹2,000.
- About 20,000 traders are expected to join, and Madhya Pradesh traders already held a similar 'No UPI Day' protest on Wednesday.
Actionable Advice for Taxpayers / Founders:If you plan to pay traders in Maharashtra on October 2, carry enough cash, since UPI QR codes may be covered and cash-only payments are expected that day.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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