Business 9 sources · over 2 days 19 articles

India Bans Bank Charges on UPI and RuPay Payments Up to Rs 2,000

India has barred banks from charging fees on UPI and RuPay debit card transactions up to Rs 2,000, affecting millions of daily digital payments and sparking industry debate about fees for larger transactions.

Read the full story → · Latest coverage 15 Sept 2026, 2:38 pm UTC

Key moments · 6

Government bars fees on UPI and RuPay transactions up to Rs 2,000

Business Line - Home ↗

Amendment of Payment and Settlement Systems Act notified

The Hindu ↗

Merchants to pay 0.4 percent fee on UPI payments over Rs 2,000

Indian Express ↗

New fee structure to take effect from October 15, 2026

Times of India ↗

NPCI exempts small merchants and P2P transfers from new MDR charges

The Hindu ↗

Government panel to review higher-value merchant discount rates

Business Line - Home ↗

Coverage by day

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28 articles

  1. It's not a tax: Ex-SBI chairman backs 0.4% fee on large UPI payments
    India Today
  2. MDR may alter payment choices, but ‘won’t curtail market participation’
    Business Line - Home
  3. Fuel Payment, Phone Purchase, Restaurant Bills: UPI Charges Explained
    NDTV India
  4. UPI MDR charges from October 15: Who will pay on transactions above ₹2,000?
    The Hindu
  5. UPI sets charges for merchant payments above ₹2,000, caps fee at ₹300
    Mint

4 articles

  1. Govt. bars bank charges on payments up to ₹2,000 via UPI, RuPay-powered debit cards
    The Hindu
  2. India bars bank charges on UPI payments up to ₹2,000
    Business Line - Home
  3. Government bars fees on UPI payments up to Rs 2,000, RuPay debit card payments - indianexpress.com
    indianexpress.com
  4. Government notifies: No bank charges on UPI transactions up to Rs 2,000
    Indian Express