UPI MDR from October 15: Will your mutual fund SIP, insurance premium or OTT AutoPay get costlier?
From 15 October, selected UPI payments above ₹2,000 will attract MDR. But recurring payments through UPI AutoPay and mandates are treated differently, while mutual fund and other capital-market payments have a separate lower rate.
UPI users will see a new merchant discount rate (MDR) framework from 15 October 2026, but the change does not mean that every payment above ₹2,000 will become chargeable.
