- NPCI released a revised Merchant Discount Rate (MDR) framework, effective from 15 October 2026.
- P2P UPI transactions will remain free, irrespective of the transaction amount.
- UPI P2M transactions below โน2,000 will continue to remain free for merchants and users.
- For specified categories such as railways, telecom, insurance and fuel, a flat โน5 MDR will apply to transactions above โน2,000; capital-market transactions will attract 0.02%, capped at โน300.









