Illustration explaining the October 2026 UPI new rules, showing UPI remains completely free for customers while merchants pay MDR on transactions above 2000 rupees.
Banking, Banking Awareness, Current News

UPI MDR 2026: Is UPI Still Free? Here’s the Real Answer

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A simple guide to the new UPI MDR rules effective October 15, 2026 — who pays the 0.4% merchant charge, who doesn’t, and why UPI stays free for customers.