UPI MDR is coming: Can a Rs 6,000 bill be split into three Rs 2,000 payments to avoid charges? For now, NPCI has no daily cap
NPCI reportedly does not currently plan to introduce a separate daily limit on repeated UPI payments. From October 15, 2026, UPI payments above Rs 2,000 made to large merchants will attract a Merchant Discount Rate (MDR) of 0.4%. However, the National Payments Corporation of India (NPCI) reportedly does not currently plan to introduce a separate […]
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