GENERAL15 Sept 2026
UPI MDR charges: Fees for mutual funds, stock market investments; How much stockbroker platforms have to pay
UPI payments now carry a merchant discount rate (MDR) from October 15. Merchant payments above ₹2,000 will attract a 0.4% charge, while mutual fund, stock market and other capital market transactions through UPI will cost 0.02%. Businesses paying large vendors and customers investing via UPI-backed platforms will feel this. Check your payment flows and factor the extra cost into pricing before October 15.
Key Statutory Highlights
- Merchant payments made through UPI above ₹2,000 will carry a 0.4% MDR charge from October 15.
- Mutual fund, stock market and other capital market payments made through UPI will cost 0.02% under the new MDR framework.
- The changes affect consumers, small vendors, large and e-commerce platforms from October 15.
Actionable Advice for Taxpayers / Founders:Review your UPI-linked payments and vendor costs, and speak to your CA about whether the new charge should change your pricing or payment method before October 15.
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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