UPI Zero-Fee Mandate 2026: Government Bars Fees on RuPay and UPI Payments Under ₹2,000

India’s UPI payment system is entering a new phase in 2026, with the government clarifying that customers will continue to pay no transaction charges for UPI payments. The clarification comes amid discussion around amendments to the Payment and Settlement Systems Act and the possibility of introducing Merchant Discount Rate, or MDR, for certain merchant transactions in the future. However, there is an important distinction that users should understand. The ₹2,000 figure is connected to the gover

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