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UPI & MDR New Framework

By Rakesh Kushwaha, Lead Tech & Exam Analyst

Economy & Banking

The new UPI Merchant Discount Rate (MDR) framework keeps all Person-to-Person (P2P) UPI transactions free, while introducing limited MDR on specified Person-to-Merchant (P2M) transactions above ₹2,000. Approximately 96% of merchant transactions are expected to remain unaffected.

UPI & MDR New Framework

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5 questions

Question 1

From which date will the new UPI Merchant Discount Rate (MDR) framework become effective?

Question 2

Under the new UPI framework, what MDR will generally apply to specified Person-to-Merchant (P2M) transactions above ₹2,000?

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