Stories
Traders Announce 'No UPI Day' Protest in 17 States Against MDR on UPI Transactions.
- •The Bharatiya Udyog Vyapar Mandal has announced a protest against MDR on UPI, observing 'No UPI Day' on October 2 and October 15.
- •Traders are opposing the 40 paisa per hundred MDR on UPI transactions and a fixed Rs 5 MDR for specific sectors like railway and telecom.
- •Traders from 17 states, including Rajasthan, are preparing to join the movement, which begins on October 2.
- •Protests will be held in various cities on October 10, and October 15 will be observed as a 'No UPI Day' and a black day.
- •Traders will also wear black armbands to express their dissatisfaction and seek clarity from the government on MDR.
Key Questions Answered
Traders are protesting the imposition of a Merchant Discount Rate (MDR) of 40 paisa per hundred on UPI transactions, along with a fixed MDR of Rs 5 for sectors like railway, telecom, insurance, fuel, and agriculture. They argue this charge places an unsustainable financial burden on businesses that are already dealing with low profit margins.
Traders will kick off their agitation on October 2, 2026, by observing 'No UPI Day' where they will refrain from accepting UPI payments. This will be followed by city-level demonstrations on October 10 and another round of 'No UPI Day' observed as a black day on October 15, 2026.
Participating merchants and retailers plan to symbolically cover their UPI QR codes, sound boxes, and payment scanners with black cloth and wear black armbands. They will refuse to accept UPI payments on the designated protest days, urging customers to use cash or alternative payment modes instead.
