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Will UPI payments have extra charges tomorrow NPCI makes a big decision
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News18•13-10-2026, 14:25
Will UPI payments have extra charges tomorrow NPCI makes a big decision
- •NPCI has temporarily postponed its decision to levy the Merchant Discount Rate on select UPI transactions due to the festive season.
- •The implementation of the new charges has been delayed to avoid difficulties for merchants and payment service providers during Diwali.
- •SBI has provided relief by announcing zero MDR on QR code payments up to 1 lakh rupees per month for small merchants.
- •The final date for implementing the MDR charges has not been announced yet, and NPCI will release a separate notification later.
Key Questions Answered
The National Payments Corporation of India (NPCI) has temporarily postponed its decision to levy MDR charges, which were originally scheduled to take effect from this week, and will now implement them only after Diwali.
MDR stands for Merchant Discount Rate, which is the fee a merchant may have to pay to a payment service provider organization when accepting digital payments.
Yes, SBI has provided relief by stating that small merchants can enjoy zero MDR on QR code payments or through SBI Yono for transactions up to ₹1 lakh per month.
