GENERAL30 Sept 2026
Traders withdraw October 2 ‘No UPI Day’ call after meeting finance minister - CNBC TV18
Traders have called off their October 2 'No UPI Day' protest. UPI is the Unified Payments Interface app used for digital payments. They withdrew the plan after meeting Finance Minister Nirmala Sitharaman. The worry was a proposed 0.4% fee on merchant UPI payments above ₹2,000, still set to start on October 15. If your business accepts UPI, watch your costs.
Key Statutory Highlights
- Traders withdrew their 'No UPI Day' protest after meeting Finance Minister Nirmala Sitharaman.
- They had raised concerns over the proposed 0.4% fee on merchant UPI payments above ₹2,000.
- That 0.4% fee on merchant UPI payments above ₹2,000 is still set for October 15.
Actionable Advice for Taxpayers / Founders:If your business accepts UPI payments, review how a 0.4% fee on amounts above ₹2,000 could affect your margins, and check official updates before October 15. This is general guidance, not a fixed outcome.
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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