GENERAL23 Sept 2026
SBI expects new UPI merchant fee to cover costs and yield a small surplus
SBI says the new UPI merchant fee, the merchant discount rate or MDR, could cover its transaction costs and leave a small surplus. This affects merchants who accept UPI payments. Some may split payments to avoid the fee, an SBI official said, though he added it is too early to judge the impact. Watch your UPI costs closely.
Key Statutory Highlights
- An SBI official said the UPI merchant discount rate could cover the bank's transaction costs and leave a small surplus.
- The official said it was too early to assess the impact of MDR on UPI transactions.
- Merchants may split payments to avoid the fee.
Actionable Advice for Taxpayers / Founders:If you accept UPI payments, keep a simple record of the fees you are charged and check them against your settlement statements each month, so you can raise any mismatch with your bank or payment provider early.
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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