Archive · 12 Jun 2025
Finance Ministry Denies MDR on UPI, Reaffirms Commitment
The government said there are no plans to add fees (MDR) to UPI transactions, which is not true.
They said these claims were not true.
The Payments Council of India (PCI) wants the government to rethink a rule that made UPI free.
PCI says that running UPI costs ₹10,000 crore a year, but the government gives much less money.
Some people had said that the fee might be applied to any UPI payment which cost them over Rs 3,000.
Finance Ministry refuted rumors about MDR charges on UPI transactions.
The ministry stated that claims of MDR charges are "false, baseless, and misleading".
The clarification follows reports about reintroducing MDR charges on UPI payments over Rs 3,000.
The Payments Council of India (PCI) previously sought reconsideration of the Zero MDR policy.
PCI estimates that Rs 10,000 crore is required to maintain and grow UPI infrastructure.
- Who
- Finance Ministry, Payments Council of India (PCI)
- What
- The Finance Ministry refuted rumors of MDR charges on UPI transactions.
- When
- Recently.
- Where
- India
- Why
- To clarify misinformation regarding MDR on UPI transactions.
Government
Payments Council of India
MDR Policy
Government
No MDR on UPI
Payments Council of India
PCI wants MDR reconsideration
- MDR on UPI
- Rumors refuted
- PCI's Request
- Reconsider Zero MDR policy
- Estimated Cost for UPI
- ₹10,000 crore annually
- Government Incentive
- ₹1,500 crore
- UPI Transactions (May)
- 18.68 billion
Sources
Exclusive: Government Weighs Charges On UPI Payments Over Rs 3,000
Government plans to charge fee on UPI payments above ₹3,000
Govt may bring back MDR on UPI payments above Rs 3,000; small transactions to stay free: Report
Finance Ministry Says No Plan To Levy MDR Charge On UPI Transactions
‘Baseless, false’: Finance Ministry says no plan for any fee on UPI transactions
Will You Be Charged for UPI Transactions? What Finance Ministry Said - WATCH
Paytm Stocks & Share Price Highlights: Finance Ministry rejects MDR rumours, Paytm shares drop sharply
