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Maharashtra Traders Announce 'No UPI Day' on Oct 2: 20,000 Businesses to Reject Digital Payments.
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CNBC Awaaz•24-09-2026, 20:32
Maharashtra Traders Announce 'No UPI Day' on Oct 2: 20,000 Businesses to Reject Digital Payments.
- •Approximately 20,000 traders in Maharashtra will observe 'No UPI Day' on October 2, accepting only cash payments.
- •The protest is against the 0.4% Merchant Discount Rate (MDR) imposed on UPI transactions above ₹2,000.
- •Traders argue that the MDR will burden small and medium-sized businesses already operating on thin margins.
- •The central government has clarified that no additional charges will be levied on customers for UPI payments, and no MDR applies to transactions up to ₹2,000.
- •Similar protests have occurred in Madhya Pradesh, with traders threatening to immerse UPI QR code machines if the MDR decision is not reversed.
Key Questions Answered
Traders in Maharashtra are organizing 'No UPI Day' on October 2 to protest against the Merchant Discount Rate (MDR) imposed on UPI transactions, specifically demanding the withdrawal of a 0.4% fee on transactions exceeding ₹2,000.
No, the central government has clarified that customers will not face any additional charges or fees for UPI payments, and no MDR is applied to transactions up to ₹2,000.
Traders have warned that if the MDR decision is not reversed by October 15, they will proceed to immerse their UPI QR code machines in the river.
