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India Report: UPI payments above ₹2,000 to attract 0.4% Merchant Discount Rate (MDR) from October 15

UPI payment system
Guwahati, India. 24 November 2022. Different QR codes installed for customer, in a shop to make payment using Unified Payments Interface (UPI), in Guwahati. Credit: David Talukdar/Getty Images

Listen to the latest SBS Hindi news from India. 16/09/2026


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By SBS Hindi

Presented by Gaurav Vaishnava

Source: SBS


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Listen to the latest SBS Hindi news from India. 16/09/2026


  • Ministry of External Affairs (MEA) says the three mutuals, mutual respect, mutual sensitivity and mutual interests, must remain the anchor of India-China ties following talks between Prime Minister Narendra Modi and Chinese President Xi Jinping.
  • India condemns the attack on a vessel off the coast of Oman, saying attacks on civilians and commercial shipping are unacceptable.
  • Unified Payments Interface (UPI) transactions above ₹2,000 to attract a 0.4 per cent Merchant Discount Rate (MDR) from October 15.
  • Ahead of the Punjab Assembly polls, the Aam Aadmi Party (AAP), the Indian National Congress (INC) and the Bharatiya Janata Party (BJP) focus on constituency-wise planning.
  • Defence Minister Rajnath Singh says defence start-ups are driving transformation in India's military landscape.
  • The Maratha quota movement gains momentum as protesters march towards Mumbai.

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