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October 2 'No UPI Day' Called Off After Meeting With Finance Minister
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News18•01-10-2026, 18:21
October 2 'No UPI Day' Called Off After Meeting With Finance Minister
- •The 'No UPI Day' protest by retailers on October 2 against UPI-MDR charges has been withdrawn.
- •The decision followed a meeting between retailers' organizations and Union Finance Minister Nirmala Sitharaman.
- •Business representatives expressed concerns over the proposed 0.4% charge on merchant UPI payments exceeding ₹2,000.
- •The delegation was led by Praveen Khandelwal, Secretary General of the Confederation of All India Traders (CAIT).
- •The government had announced on September 15 that a 0.4% MDR charge would be imposed on UPI payments over ₹2,000, effective October 15.
Key Questions Answered
The 'No UPI Day' protest program was withdrawn after a delegation of business representatives, led by CAIT Secretary General Praveen Khandelwal, held a meeting with Union Finance Minister Nirmala Sitharaman in New Delhi to express concerns over proposed merchant charges.
The government announced a 0.4 percent Merchant Discount Rate (MDR) charge on UPI merchant payments exceeding ₹2,000, which is scheduled to come into effect starting October 15.
About 20 business representatives from various states across the country participated in the meeting, led by Praveen Khandelwal, an MP from Chandni Chowk and Secretary General of the Confederation of All India Traders.
