What happened with Govt Imposes 0.4% MDR on UPI Transactions Above ₹2,000 for Merchants?

Central government introduces 0.4% Merchant Discount Rate on Person-to-Merchant UPI payments exceeding ₹2,000 from Oct 15, 2026. The Union Government and National Payments Corporation of India (NPCI) have announced a major policy shift by introducing a 0.4% Merchant Discount Rate (MDR) on Person-to-Merchant (P2M) Unified Paymen

16 September 2026 Current Affairs

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2 articles · Curated for UPSC, SSC, Bank & Railway

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Economy & Finance

⏱ 2m

Govt Imposes 0.4% MDR on UPI Transactions Above ₹2,000 for Merchants

Central government introduces 0.4% Merchant Discount Rate on Person-to-Merchant UPI payments exceeding ₹2,000 from Oct 15, 2026.

UPSCSSCBank

#MDR#UPI#NPCI#digital-rupee#CBDC

Economy & Finance

⏱ 2m

ED Flags Insolvency Code Frauds and Disproportionate Haircuts by Banks

Enforcement Directorate identifies fraudulent insolvency practices and excessive bank haircuts under the IBC framework as major focus areas.

UPSCBank

#IBC#Enforcement-Directorate#NPAs#haircuts#NCLT