Update, October 28, 2026: The 0.4% UPI merchant fee has not started yet. On October 13, NPCI’s UPI and Services Steering Committee deferred the Merchant Discount Rate (MDR) on select person-to-merchant (P2M) payments, which was due to begin on October 15. The fee will start “immediately post Diwali” on a date that NPCI will announce separately. Reports say the fee structure itself has not changed. This guide combines everything you need to know in one place, and we will update it when the new date is announced. UPI new rules…
Read MoreUPI New Rules 2026: 0.4% MDR Deferred Until After Diwali
