Every figure on this site comes from one file, and every article carries its dates. When a rule changes or an article is updated, it is recorded here. This page will matter most when NPCI’s operating circular lands.
The FAQ sets the policy. The detailed operating circular that banks and PSPs will actually implement is still awaited, and some mechanics may change with it.
The small-merchant support fund framework is not finalised
A support framework for small merchants has been referred to, but its structure and eligibility are not yet finalised.
Mutual funds, securities and brokers have their own lower rate
UPI payments to mutual funds, stockbrokers, securities dealers and investment platforms carry 0.02% of the amount, capped at Rs 300 (Q37, Q38). Our calculator does not model this rate; it is built for shops and service businesses.
Charges will be monitored daily from 15 October 2026
DFS has said charges will be monitored daily from the effective date. If your PSP deducts more than the rules allow, the reconciliation tool will show it - keep your statements.
The full record
Re-read against the official FAQ PDF: source link now points to the PDF; utility bills (electricity, water, piped gas) added to the flat Rs 5 sectors (Q41); insurance and fuel also cite Q39 and Q40; the P2PM-to-P2M move after three consecutive months above Rs 1 lakh recorded (Q29); the separate 0.02% capital-market rate noted (Q37, Q38).
Rules2026.09.19-1
Re-read against the official FAQ PDF: source link now points to the PDF; utility bills (electricity, water, piped gas) added to the flat Rs 5 sectors (Q41); insurance and fuel also cite Q39 and Q40; the P2PM-to-P2M move after three consecutive months above Rs 1 lakh recorded (Q29); the separate 0.02% capital-market rate noted (Q37, Q38).
Updated: Does the new UPI MDR apply to my shop? A step-by-step check
Content
The 'one month above Rs 1 lakh' question is now answered from the FAQ: a merchant moves to P2M only after three consecutive months above it (Q29). Utility bills added to the flat Rs 5 sectors (Q41).
Updated: UPI charges from 15 October 2026: the complete guide for merchants
Content
Checked against the official FAQ PDF: utility bills added to the flat Rs 5 sectors (Q41), the education concession noted as unconfirmed (Q42), and the three-month rule for leaving P2PM added (Q29).
First release - rules read from the NPCI/DFS FAQ of 15 September 2026
Rules2026.09.15-1
Effective date set to 15 October 2026 (Q5).
Standard P2M rate set to 0.4% above Rs 2,000, charged on the full amount (Q26).
Per-transaction cap set to Rs 300, binding from Rs 75,000 (Q32).
Flat Rs 5 recorded for railways, telecom, insurance and fuel; the rest of the list is marked pending (Q33).
P2PM exemption recorded at Rs 1,00,000 per month with zero MDR (Q23, Q24), including the point that it follows account category and not transaction size (Q26), and that no QR or soundbox change is needed (Q25).
UPI AutoPay mandates recorded as exempt (Q22).
Pass-through of MDR to customers recorded as prohibited (Q34).
Articles launched in Hindi and English
Content
Every page now has its own Hindi and English address, linked to each other.
Published: the complete guide to UPI charges from 15 October 2026.
Published: does the new UPI MDR apply to my shop? A step-by-step check.
Eight more articles are outlined and will be published one by one.