No Tax on UPI Transactions: FM Sitharaman Sets the Record Straight

Finance Minister Nirmala Sitharaman says the new Merchant Discount Rate (MDR) for UPI transactions over ₹2,000 is not a tax and won't cost you extra. Merchants already deal with similar fees for card payments, so you can relax! Plus, a whopping 96% of UPI transactions are safe from this charge. It's just business, not a government money grab!

Quick rundown

1.MDR on UPI transactions won't be passed to customers.

2.MDR is a commercial arrangement, not a tax.

3.96% of UPI transactions remain unaffected by MDR.

4.MDR applies to UPI transactions above ₹2,000.

5.Government has no role in MDR distribution.

Government Confirms 0.4% UPI MDR, Merchants in Shock!
Government Confirms 0.4% UPI MDR, Merchants in Shock!
Arre bhai, suno! Government ne bola, 0.4% ka MDR toh hoga hi, samjhe? UPI transactions pe, ₹2,000 se upar! 15 October se lagne wala hai, aur sirf 17% merchants hi isse accept karne ko tayyar hain. Daya ki garba aur Tapu ki masti ke beech, hum toh bas free UPI ka maza lete rahenge! Babita Ji, aap toh samajh rahi hain na?
02:25 pm on Wednesday, 16 September, 2026
No Foreign Nonsense: UPI Payments Get 0.4% Discount Rate
No Foreign Nonsense: UPI Payments Get 0.4% Discount Rate
Listen up, you lot! The finance ministry just blasted the idea that foreign powers are pulling strings on UPI payments. Starting October 15, a 0.4% Merchant Discount Rate on transactions over ₹2,000 is rolling out, and it’s not a tax! This is about fortifying our payment system and backing small businesses. No nonsense here, just pure Indian grit!
01:55 pm on Wednesday, 16 September, 2026
RBI Says No Fees for You, Just a Little for Merchants!
RBI Says No Fees for You, Just a Little for Merchants!
Hey there! The RBI is saying, 'Hey, we need a little dough for big UPI transactions!' Starting now, there’s a 0.4% fee for payments over ₹2,000, but don’t sweat it! If you’re under that, it’s free, like a slice of pizza! They want to keep UPI safe and fun, just like me at a party! Let's keep those digital payments rolling, folks!
04:25 am on Wednesday, 16 September, 2026
Naya UPI MDR Framework: Digital Payments Ka Dhamaka!
Naya UPI MDR Framework: Digital Payments Ka Dhamaka!
Arre bhai, suno! Naya UPI MDR framework aa gaya hai, samjhe? Nirmal bhai keh rahe hain ki bade transactions pe 0.4% ka MDR lagega, matlab ₹3,000 pe sirf ₹12 ka chakkar hai. Lekin tension mat lo, P2P toh free hai, jaise Babita Ji ki muskurahat! Yeh sab technology aur payment networks ko strong karega, samjhe? Digital duniya mein chalo bhai, sabko le aao!
04:55 am on Thursday, 17 September, 2026
Big Merchants, Tiny Fees: UPI Gets a Price Tag!
Big Merchants, Tiny Fees: UPI Gets a Price Tag!
Hey, folks! Starting October 15, if you're a big merchant swimming in the UPI pool and accepting payments over ₹2,000, you gotta cough up a tiny 0.4% fee! But chill, it’s capped at ₹300! The little guys? They’re still splashing around for free! This change is all about keeping UPI running smoother than my best pick-up line. So, no worries for the small fries, just the big fish in the digital cash sea!
09:10 am on Wednesday, 16 September, 2026

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