BREAKING: 🇮🇳 UPI payments above ₹2,000 will get a 0.4% MDR from October 15. • UPI P2P payments remain completely free • MDR applies to select Person-to-Merchant (P2M) transactions only • MDR capped at ₹300 for payments of ₹75,000+ • Payments to specific merchants such as railways, telecom services, insurance and fuel will attract a flat fee of 5 rupees The move is aimed at funding UPI infrastructure, cybersecurity and innovation.