MDR on Select UPI Transactions to Be Implemented After Diwali
MDR on Select UPI Transactions to Be Implemented After Diwali NPCI’s UPI and Services Steering Committee Takes Decision; New Implementation Date to Be Announced Separately Koshi Zone, Saharsa: The National Payments Corporation of India (NPCI), which operates the country’s digital payment system, has postponed the implementation of the Merchant Discount Rate (MDR) on select merchant transactions until after Diwali. In an announcement issued on Tuesday, October 13, 2026, NPCI stated that the decision was taken keeping the festive season in mind. The MDR on selected Person-to-Merchant (P2M) UPI transactions will now be implemented immediately after Diwali. The effective date will be notified separately. According to NPCI, the decision was taken during a meeting of its UPI and Services Steering Committee. Considering the increase in shopping and digital payment activities in markets during the festive season, the timeline for implementing MDR has been revised. However, the corporation...