GENERAL23 Sept 2026
Business associations plan No UPI Day on October 2 against new MDR levy
Business associations have called a 'No UPI Day' on October 2. They are protesting a new 0.4 per cent merchant discount rate, or MDR, that will apply to UPI merchant payments above Rs 2,000 starting October 15. If you accept digital payments, this could raise your cost per large transaction. Watch for updates and review your pricing.
Key Statutory Highlights
- Business associations plan a No UPI Day on October 2 to protest the new MDR charge.
- The protest is against a 0.4 per cent merchant discount rate on UPI merchant payments above Rs 2,000.
- The 0.4 per cent MDR on UPI merchant payments above Rs 2,000 applies from October 15.
Actionable Advice for Taxpayers / Founders:If your business accepts UPI, note whether many payments cross Rs 2,000 and keep an eye on official updates before October 15. Please confirm the final position with your bank or payment provider before changing your pricing.
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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