Income Tax 14 October 2026
MDR on UPI Over ₹2,000 Deferred Until Post-Diwali
India’s central bank has delayed the implementation of a merchant discount rate on Unified Payments Interface transactions above ₹2,000, pushing the start date to after the Diwali festival. The move provides temporary relief to merchants and users while the regulator finalizes the fee structure.
The Reserve Bank of India’s planned merchant discount rate (MDR) on UPI payments over ₹2,000 has been postponed. It will now take effect after the Diwali festival, giving merchants short‑term relief.
- MDR originally slated for immediate rollout
- Delay announced to allow further industry consultation
- Expected to start post‑Diwali, pending final fee guidelines
For full details, see the Economictimes video report.
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