16 Sept 2026
RBI backs MDR on large-value UPI transactions, says users will pay no fee
The RBI has backed MDR, or merchant discount rate, on large-value UPI transactions. In a post on X, it said users will pay no fee at all. So your UPI payments stay free. The central bank believes a fair sharing of MDR across everyone in the ecosystem will keep investment flowing. If you run a business, keep an eye on your payment costs.
Key Statutory Highlights
- The RBI has backed MDR on large-value UPI transactions.
- The central bank said users will pay no fee.
- It said a fair distribution of MDR across ecosystem participants would support continued investment.
Actionable Advice for Taxpayers / Founders:If your business accepts large-value UPI payments, keep watching for the RBI's detailed rules before you change how you price or route these payments.
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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