GENERAL30 Sept 2026
No UPI Day on October 2: FAIVM says it will not join traders’ protest - CNBC TV18
One industry body, FAIVM, has said it will stay out of the 'No UPI Day' protest planned for October 2, 2026. Mobile retailers want to stop accepting UPI payments that day to oppose the proposed Merchant Discount Rate. FAIVM says it will keep talking to the government instead. So if you run a shop, don't assume UPI will be down everywhere.
Key Statutory Highlights
- Mobile retailers plan to stop UPI payments on October 2, 2026 to protest against the proposed Merchant Discount Rate.
- FAIVM has said it will not join the 'No UPI Day' protest or any traders' agitation planned for October 2.
- FAIVM will instead keep engaging with the government through discussions, persuasion and logical presentation.
Actionable Advice for Taxpayers / Founders:If your business collects money through UPI, keep a card or cash back-up ready around October 2 and confirm the actual position with your bank or trade association before assuming payments will be affected.
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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