UPI MDR comes into effect from October 15 The government will introduce a Merchant Discount Rate on select UPI merchant payments from October 15, 2026. Under the new framework, eligible person-to-merchant transactions above Rs 2,000 will attract an MDR of up to 0.40 per cent. PhonePe CEO Sameer Nigam said the framework creates

New Delhi, India | UPI payments up to Rs 2,000 are protected from charges, but crossing that amount does not automatically create a consumer fee. UPI Payments Above Rs 2,000: Will Users Pay Charges? UPI users do not automatically have to pay a transaction fee when sending Rs 2,500, Rs 5,000 or Rs 10,000. The Rs 2,000 figure mentioned in the latest government notificat

Narendra Modi promoted India’s 7.8% quarterly GDP growth in an Instagram video. His “jhooth ki goonj” remark was interpreted as a veiled response to Rahul Gandhi’s youth-focused political campaign. Prime Minister Narendra Modi has used a selfie-style Instagram video to highlight India’s stronger-than-expected economic growth and counter what he described as an “echo of lies” and pessimism being spread across the country. Modi recorded th