Personal Finance Desk: A new merchant discount rate will apply to specified UPI merchant transactions above ₹2,000 from October 15, while ordinary customers are not being charged directly.
From October 15, 2026, a merchant discount rate of up to 0.4% will apply to specified UPI merchant transactions above ₹2,000. Finance Ministry statements reported by Business Standard say the charge is part of the payments ecosystem and customers’ ordinary UPI payments remain free. citeturn0news16turn0search13
What It Means for Consumers
The development can affect household payments, banking access, savings, borrowing or investment-related decisions. Readers should distinguish confirmed rules from proposals and check the latest notification from the relevant authority or financial institution.
Important Point
Interest rates, fees, tax requirements and financial-product terms can change. This article is for general information and is not personal financial advice.
External source: Reserve Bank of India | Internal: Business News | Stock Market News
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