UPI Charges Above Rs 2,000: What the 14 September 2026 Notification Says, and the 0.4% MDR Announced the Next Day
S.O. 5067(E) of 14 September 2026 bars any charge on UPI up to Rs 2,000 and on RuPay debit cards. The next evening the government and NPCI announced a 0.4% MDR above that line, from 15 October. What the notification says, what the framework added, and why the customer pays nothing.
Mrunmai Madaye
@mrunmai1995
I cover personal finance and the government small-savings schemes here — PPF, the Sukanya Samriddhi Yojana, NSC, the Senior Citizens' Savings Scheme and Kisan Vikas Patra. I start from the notified scheme rules as published in the Gazette rather than from bank marketing pages, and I go after the parts households most often get wrong: how interest is actually calculated month to month, what happens when a deposit misses its cycle, what premature closure really costs, and how the tax treatment shifts from one scheme to the next. My rate tables carry the date I checked them, because the Finance Ministry resets those every quarter.