GENERAL24 Sept 2026
MDR on UPI payments: What customers, merchants need to know from Oct 15
From October 15, a fee called MDR will apply to some UPI payments above ₹2,000 made to large merchants. Customers and eligible small vendors will still pay no fee. So if you are a large merchant, expect a small charge on bigger UPI collections. Check whether you fall in the small vendor category, and review your pricing before the date.
Key Statutory Highlights
- From October 15, MDR will apply to certain UPI payments above ₹2,000 made to large merchants.
- Customers will continue to pay no fee on these UPI payments.
- Eligible small vendors will also continue to pay no fee.
Actionable Advice for Taxpayers / Founders:If you accept UPI payments as a large merchant, check with your payment provider how the MDR will apply to payments above ₹2,000, and confirm whether you qualify as an eligible small vendor before October 15.
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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