GENERAL16 Sept 2026
'Narendra’s Ongoing Trump Appeasement': Congress's dig at PM on UPI move
From October 15, UPI payments of more than ₹2,000 to merchants will carry a 0.4% fee, ending the zero Merchant Discount Rate (MDR) rule. Businesses accepting UPI will pay a little more on each sale. Congress says this was done under U.S. pressure, since America had criticised free UPI. Watch your UPI collections and factor this small cost into your pricing.
Key Statutory Highlights
- The government has introduced a 0.4% fee on UPI transfers worth more than ₹2,000 made to merchants, starting October 15.
- Congress leader Jairam Ramesh said the move gives in to a U.S. demand to remove zero Merchant Discount Rate on UPI.
- The U.S. House of Representatives is set to vote on a Bill imposing 100% tariffs on India, which the U.S. Senate has already approved.
Actionable Advice for Taxpayers / Founders:If your business accepts UPI, review how much comes in above ₹2,000 each month and keep a little room in your pricing for this fee. Confirm the exact charges with your payment provider or bank, and check with your CA if your volumes are large.
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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