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UPI TRANSACTIONS DURING BANK STRIKE
How will MDR on UPI affect your mutual fund investments? Will AMCs and brokers pass on the costs to users?- Bank strike from September 28 to 30: Will banks be closed for five days? SBI, Union Bank of India advise customers to complete transactions in advance
- UPI’s new MDR pot: 5% of collections to be used for bringing small merchants online
- MDR charges on 5 key services: Railway tickets, mobile bills, fuel and moreSelect UPI merchant transactions will incur a Merchant Discount Rate. However, transactions under two thousand rupees will remain free for ...18 Sep, 2026, 07.58 PM IST
- Zero MDR charge: 7 UPI transactions where you don't need to pay any feeStarting from October 2026, a new Merchant Discount Rate framework will be introduced for specific UPI transactions. This framework is desi...17 Sep, 2026, 05.21 PM IST
- UPI MDR prompts D2C brands to reassess costs as festive sales loomUnder the new framework, the government has introduced a 0.4% MDR on P2M (person-to-merchant) UPI transactions above Rs 2,000, capped at Rs...17 Sep, 2026, 09.11 AM IST
- New UPI MDR Explained: Impact on mutual funds, brokers & investorsThe implementation of a new 0.02% merchant discount rate will influence certain UPI transactions, including one-time contributions to mutua...17 Sep, 2026, 06.35 AM IST
- UPI MDR could create Rs 27,000 crore revenue pool by FY28: BernsteinA 40-basis-point MDR on UPI transactions could create a large revenue pool. Issuing banks and UPI apps will receive substantial portions of...17 Sep, 2026, 01.13 AM IST
- UPI MDR may attract 18% GST; eligible merchants can claim input tax creditEffective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discount rate with an overall cap of Rs 3...16 Sep, 2026, 08.14 PM IST
- UPI transactions above Rs 2,000 to attract 0.4% MDR; check key detailsNPCI will introduce a Merchant Discount Rate on select P2M UPI transactions starting October 15. Merchants will pay 0.4% on transactions ex...16 Sep, 2026, 06.37 PM IST
- From UPI to cash? Retailers warn new MDR could hit small merchants ahead of festive seasonRetailers Association of India warns new UPI fees could reverse digital payment gains. Small merchants may shift transactions back to cash,...16 Sep, 2026, 05.25 PM IST
- UPI fee: Why govt is putting a price on big merchant paymentsThe National Payments Corporation of India, which operates the UPI network, said the revenue will support investment in infrastructure resi...16 Sep, 2026, 01.22 PM IST
- UPI charge is just tax collection: Ashneer Grover calls out government wanting to charge on payments above Rs 2,000 while banks are making crores in profitsBharatPe co-founder Ashneer Grover has questioned the rationale for introducing charges on certain UPI merchant transactions above Rs 2,000...16 Sep, 2026, 12.26 PM IST
- Yes Bank shares jump 4% as Citi, Morgan Stanley see lender as key beneficiary of new UPI charges. Earnings boost ahead?Yes Bank shares rose sharply on Wednesday after Citi and Morgan Stanley identified the lender as a key beneficiary of new MDR charges on se...16 Sep, 2026, 10.44 AM IST
- UPI MDR could unlock Rs 22,000 crore revenue pool by FY28: BernsteinUPI could generate Rs 22,000 crore annually by FY28 through a modest merchant discount rate. Banks might receive Rs 14,000 crore and paymen...15 Sep, 2026, 04.01 PM IST
- Stage being set for levying UPI transaction fee: Cong slams govtCongress criticizes the government's UPI transaction notification. The party claims this move sets a stage for future user fees. This notif...15 Sep, 2026, 12.42 PM IST
- Merchant fee on UPI rolling out as transaction floor set at Rs 2,000India has exempted transactions up to ₹2,000 via UPI and RuPay debit cards from charges. This move allows for the reintroduction of merchan...15 Sep, 2026, 05.30 AM IST
- Bank union strike today: Are banks open or closed today on September 11, 2026? Check detailsCustomers should brace for significant disruptions in bank services on September 11, 2026, as the UFBU calls for a nationwide strike. This ...11 Sep, 2026, 07.00 AM IST
- Bank union strike tomorrow: Are banks open or closed on September 11, 2026? Check detailsBank customers face potential disruptions on September 11, 2026, due to a nationwide strike. United Forum of Bank Unions has called for thi...10 Sep, 2026, 05.42 PM IST
- Will State Bank of India’s branches be closed on September 11 bank strike day? Here’s what SBI saysBank strike September 11, 2026: Bank unions have announced multiple strike dates starting September 11, 2026. State Bank of India advises c...10 Sep, 2026, 01.35 PM IST
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