UPI Charges Policy as of 2026
3.
5. History of UPI Charges
Jan 1, 2020: Govt abolished MDR on UPI + RuPay for all merchants
2022-2024: Govt gave incentives to banks/apps to keep UPI free
June 2025: Finance Ministry issued clarification after viral rumors about UPI charges
2026: Discussion on reintroducing MDR only for large merchants 4cc8a92d
6. Other Related Rules for 2026
UPI Credit Line: From Aug 2026, pay using bank/NBFC credit line via UPI
2FA Mandatory: From Apr 1, 2026 - UPI PIN + Biometric for high value
Name Verification: From June 1, 2026 - You’ll see recipient’s full bank name before paying
Budget 2026: ₹2,000 cr allocated for UPI/RuPay incentives
Key Takeaway
You will not be charged for UPI. The debate is only about whether very large companies should pay a tiny MDR to banks to keep the system running for everyone.
If MDR comes, it will be like credit card MDR - merchant pays 0.5% and absorbs it, not the customer.
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Wow
0
Sad
0
Angry
0
Comments (0)