From October 15, 2026, UPI payments above Rs 2,000 will attract MDR, but railways, telecom, insurance, fuel, and utility bills get a concessional flat Rs 5 per transaction instead of the standard 0.4%. Fuel and utility payments below Rs 2,000 remain MDR-free. Merchants bear the charge; consumers pay nothing extra.
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UPI's New Rs 5 Flat MDR: Which Merchant Categories Qualify?
