16 Sept 2026
MPs raise concern over 0.4% UPI fee on payments at Parliament panel meet
From October 15, businesses will pay a 0.4% fee on UPI (Unified Payments Interface) payments above ₹2,000 received from customers. Your everyday person-to-person transfers and small payments stay free, and customers pay nothing extra. Opposition MPs have flagged the move at a parliamentary panel, which may discuss it again. Check your merchant settlement charges and plan your pricing accordingly.
Key Statutory Highlights
- The government has introduced a 0.4% fee on UPI payments above ₹2,000 made to merchants, starting October 15.
- Person-to-person UPI transactions and small payments stay free, and the finance ministry says customers will not be charged.
- Opposition MPs raised the issue at the Parliamentary Standing Committee on Finance, and it may be taken up at the panel's next meeting.
Actionable Advice for Taxpayers / Founders:If you accept UPI payments above ₹2,000, check your merchant agreement with your bank or payment provider to understand how this 0.4% charge applies to your settlements, and review your pricing. Confirm the exact terms with your provider or a CA before making changes.
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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