NPCI Postpones UPI Merchant Discount Rate Rollout After Diwali

The National Payments Corporation of India postponed the Merchant Discount Rate rollout on UPI transactions above ₹2,000 to immediately after Diwali.

The 0.4% MDR levy for medium and large merchants was originally scheduled for October 15 before traders raised festive season concerns.

The Prime Minister's Office decided on the delay following appeals led by CAIT general secretary and BJP MP Praveen Khandelwal.